335,921 Shares in DTF Tax-Free Income 2028 Term Fund Inc. $DTF Acquired by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 335,921 shares of the investment management company’s stock, valued at approximately $3,880,000.

Other large investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth increased its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 2,687.2% in the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock valued at $5,492,000 after buying an additional 463,604 shares in the last quarter. Avise Financial Cooperative Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at $537,000. LPL Financial LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth $204,000. Closed End Fund Advisors Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 4th quarter worth $165,000. Finally, Garner Asset Management Corp acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $70,000. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.4%

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.56 on Monday. DTF Tax-Free Income 2028 Term Fund Inc. has a 12-month low of $11.21 and a 12-month high of $11.60. The stock’s fifty day moving average is $11.50 and its 200-day moving average is $11.47.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

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

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.