DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.46 and traded as low as $11.46. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.48, with a volume of 1,163 shares trading hands.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.1%

The business’s 50 day moving average is $11.49 and its 200 day moving average is $11.46.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter worth $69,000. Garner Asset Management Corp purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth about $70,000. Closed End Fund Advisors Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund during the 4th quarter valued at about $165,000. Savvy Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at about $166,000. Finally, Focus Partners Wealth bought a new position in DTF Tax-Free Income 2028 Term Fund in the 1st quarter worth about $190,000. 43.81% of the stock is owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.