DTF Tax-Free Income (NYSE:DTF) Share Price Passes Above Fifty Day Moving Average of $14.57

DTF Tax-Free Income Inc. (NYSE:DTF)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $14.57 and traded as high as $14.95. DTF Tax-Free Income shares last traded at $14.95, with a volume of 2,252 shares.

The business’s 50-day moving average is $14.58 and its two-hundred day moving average is $14.54.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Tuesday, June 15th will be given a $0.04 dividend. The ex-dividend date is Monday, June 14th. This represents a $0.48 dividend on an annualized basis and a yield of 3.23%.

A number of large investors have recently bought and sold shares of DTF. First Trust Advisors LP boosted its position in DTF Tax-Free Income by 11.3% in the 1st quarter. First Trust Advisors LP now owns 38,957 shares of the investment management company’s stock valued at $515,000 after buying an additional 3,946 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in DTF Tax-Free Income in the 4th quarter valued at about $174,000. Kestra Advisory Services LLC boosted its position in DTF Tax-Free Income by 21.6% in the 4th quarter. Kestra Advisory Services LLC now owns 13,699 shares of the investment management company’s stock valued at $203,000 after buying an additional 2,437 shares during the last quarter. Clough Capital Partners L P purchased a new position in DTF Tax-Free Income in the 4th quarter valued at about $168,000. Finally, Clarus Group Inc. boosted its position in DTF Tax-Free Income by 39.3% in the 1st quarter. Clarus Group Inc. now owns 15,000 shares of the investment management company’s stock valued at $106,000 after buying an additional 4,233 shares during the last quarter.

About DTF Tax-Free Income (NYSE:DTF)

DTF Tax-Free Income 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.

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