DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Crosses Below 200-Day Moving Average of $10.77

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.77 and traded as low as $10.71. DTF Tax-Free Income 2028 Term Fund shares last traded at $10.78, with a volume of 44,048 shares.

DTF Tax-Free Income 2028 Term Fund Stock Performance

The company has a fifty day moving average price of $10.82 and a two-hundred day moving average price of $10.77.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, June 17th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several institutional investors have recently added to or reduced their stakes in DTF. Thomas J. Herzfeld Advisors Inc. lifted its stake in DTF Tax-Free Income 2028 Term Fund by 1,881.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 29,723 shares of the investment management company’s stock valued at $317,000 after buying an additional 28,223 shares during the period. Atlas Wealth LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 43.1% in the third quarter. Atlas Wealth LLC now owns 325,914 shares of the investment management company’s stock valued at $3,478,000 after buying an additional 98,117 shares during the period. Rivernorth Capital Management LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 31.5% in the second quarter. Rivernorth Capital Management LLC now owns 418,729 shares of the investment management company’s stock valued at $4,510,000 after buying an additional 100,318 shares during the period. City of London Investment Management Co. Ltd. acquired a new position in DTF Tax-Free Income 2028 Term Fund in the first quarter valued at approximately $1,678,000. Finally, First Trust Advisors LP lifted its stake in DTF Tax-Free Income 2028 Term Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock valued at $366,000 after buying an additional 1,963 shares during the period. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.