Beverly Hills Private Wealth LLC Buys 6,955 Shares of DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Beverly Hills Private Wealth LLC lifted its holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 2.3% in the 2nd quarter, Holdings Channel reports. The firm owned 313,043 shares of the investment management company’s stock after acquiring an additional 6,955 shares during the period. Beverly Hills Private Wealth LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $3,503,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DTF. Financial Gravity Asset Management Inc. purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth $36,000. Hara Capital LLC raised its stake in shares of DTF Tax-Free Income 2028 Term Fund by 0.7% in the first quarter. Hara Capital LLC now owns 247,965 shares of the investment management company’s stock worth $2,780,000 after purchasing an additional 1,800 shares during the last quarter. Nuveen LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter worth $180,000. Sit Investment Associates Inc. raised its stake in shares of DTF Tax-Free Income 2028 Term Fund by 47.0% in the first quarter. Sit Investment Associates Inc. now owns 910,488 shares of the investment management company’s stock worth $10,207,000 after purchasing an additional 291,117 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the first quarter valued at $190,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF stock opened at $11.42 on Monday. DTF Tax-Free Income 2028 Term Fund Inc. has a fifty-two week low of $10.83 and a fifty-two week high of $11.50. The business’s 50-day moving average is $11.35 and its two-hundred day moving average is $11.25.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

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

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.