DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Declares $0.03 Jul 25 Dividend

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) announced a jul 25 dividend on Monday, June 16th, RTT News reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.0325 per share by the investment management company on Thursday, July 31st.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF remained flat at $11.21 during trading hours on Tuesday. 8,412 shares of the company were exchanged, compared to its average volume of 13,699. The stock has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $11.22. DTF Tax-Free Income 2028 Term Fund has a one year low of $10.83 and a one year high of $11.45.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in DTF Tax-Free Income 2028 Term Fund stock. Focus Partners Wealth purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,956 shares of the investment management company’s stock, valued at approximately $190,000. Focus Partners Wealth owned about 0.24% of DTF Tax-Free Income 2028 Term Fund at the end of the most recent reporting period. 43.81% of the stock is currently owned by hedge funds and other institutional investors.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.