Insider Buying: DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) CEO Purchases 1,400 Shares of Stock

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) CEO David Jr. Grumhaus bought 1,400 shares of DTF Tax-Free Income 2028 Term Fund stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost of $11.34 per share, with a total value of $15,876.00. Following the completion of the acquisition, the chief executive officer directly owned 6,652 shares in the company, valued at $75,433.68. This represents a 26.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

DTF traded down $0.02 during trading on Tuesday, reaching $11.29. 3,515 shares of the company traded hands, compared to its average volume of 7,981. DTF Tax-Free Income 2028 Term Fund Inc. has a 12-month low of $10.83 and a 12-month high of $11.45. The firm has a fifty day simple moving average of $11.24 and a 200 day simple moving average of $11.23.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be given a dividend of $0.0325 per share. This represents a dividend yield of 346.0%. The ex-dividend date is Friday, August 15th.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

A number of institutional investors have recently bought and sold shares of the stock. Hara Capital LLC lifted its position in 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 buying an additional 1,800 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the first quarter worth $36,000. Financial Gravity Companies Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter worth $36,000. Raymond James Financial Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the second quarter worth $69,000. Finally, Beverly Hills Private Wealth LLC lifted its position in shares of DTF Tax-Free Income 2028 Term Fund by 2.3% during the second quarter. Beverly Hills Private Wealth LLC now owns 313,043 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 6,955 shares during the last quarter. 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.