DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.48 and traded as low as $11.44. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.49, with a volume of 6,112 shares traded.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.2%

The business’s 50 day moving average price is $11.52 and its 200-day moving average price is $11.48.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

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

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $69,000. Sanctuary Advisors LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $116,000. Closed End Fund Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth $165,000. Focus Partners Wealth acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the first quarter valued at $190,000. Finally, Corient Private Wealth LP acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at $203,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

About DTF Tax-Free Income 2028 Term Fund

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.