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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) shares 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 traded.

DTF Tax-Free Income 2028 Term Fund Price Performance

The business has a fifty day moving average of $10.82 and a 200-day moving average of $10.77.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Monday, June 17th.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Relative Value Partners Group LLC raised its position in DTF Tax-Free Income 2028 Term Fund by 338.6% in the 4th quarter. Relative Value Partners Group LLC now owns 525,090 shares of the investment management company’s stock valued at $5,645,000 after buying an additional 405,366 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of DTF Tax-Free Income 2028 Term Fund by 31.5% during the 2nd quarter. Rivernorth Capital Management LLC now owns 418,729 shares of the investment management company’s stock valued at $4,510,000 after purchasing an additional 100,318 shares during the last quarter. Atlas Wealth LLC increased its position in shares of DTF Tax-Free Income 2028 Term Fund by 43.1% during the 3rd quarter. Atlas Wealth LLC now owns 325,914 shares of the investment management company’s stock valued at $3,478,000 after purchasing an additional 98,117 shares during the last quarter. City of London Investment Management Co. Ltd. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter valued at $1,678,000. Finally, Thomas J. Herzfeld Advisors Inc. increased its position in shares of DTF Tax-Free Income 2028 Term Fund by 1,881.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 29,723 shares of the investment management company’s stock valued at $317,000 after purchasing an additional 28,223 shares during the last quarter. 43.81% of the stock is owned by hedge funds and other institutional investors.

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.