DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Shares Cross Below 200-Day Moving Average – Time to Sell?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.42 and traded as low as $11.31. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.3850, with a volume of 1,628 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Price Performance

The stock has a 50-day moving average price of $11.43 and a 200-day moving average price of $11.42.

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DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of hedge funds have recently made changes to their positions in DTF. Focus Partners Wealth increased its stake in shares of DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock worth $5,492,000 after purchasing an additional 463,604 shares during the period. Hara Capital LLC increased its stake in shares of DTF Tax-Free Income 2028 Term Fund by 4.7% during the fourth quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock worth $3,291,000 after purchasing an additional 12,898 shares during the period. Seven Mile Advisory bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth approximately $1,446,000. Avise Financial Cooperative Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth approximately $537,000. Finally, LPL Financial LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth approximately $204,000. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Company Profile

(Get Free Report)

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.

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