DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Crosses Above Fifty Day Moving Average – Here’s Why

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.37 and traded as high as $11.48. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.35, with a volume of 20,977 shares changing hands.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.1%

The business’s 50-day moving average is $11.37 and its 200-day moving average is $11.26.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 3.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hara Capital LLC lifted its position in DTF Tax-Free Income 2028 Term Fund by 3.1% during the second quarter. Hara Capital LLC now owns 255,607 shares of the investment management company’s stock valued at $2,860,000 after purchasing an additional 7,642 shares during the period. Raymond James Financial Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at $69,000. J.W. Cole Advisors Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $165,000. Financial Gravity Companies Inc. acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter worth about $36,000. Finally, Beverly Hills Private Wealth LLC raised its position in shares of DTF Tax-Free Income 2028 Term Fund by 2.3% in the second quarter. Beverly Hills Private Wealth LLC now owns 313,043 shares of the investment management company’s stock worth $3,503,000 after acquiring an additional 6,955 shares during the period. 43.81% of the stock is currently owned by institutional investors and hedge funds.

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.