Insider Buying: Duff & Phelps Utilities Tax-Free Income Inc. (DTF) VP Acquires $28,100.00 in Stock

Duff & Phelps Utilities Tax-Free Income Inc. (NYSE:DTF) VP Timothy M. Heaney acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were bought at an average price of $14.05 per share, for a total transaction of $28,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Duff & Phelps Utilities Tax-Free Income Inc. (NYSE DTF) opened at $14.08 on Monday. Duff & Phelps Utilities Tax-Free Income Inc. has a one year low of $14.01 and a one year high of $15.98.

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Investors of record on Wednesday, November 15th were paid a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, November 14th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN raised its stake in shares of Duff & Phelps Utilities Tax-Free Income by 5.4% during the second quarter. Wells Fargo & Company MN now owns 8,725 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 449 shares in the last quarter. Doliver Capital Advisors LP raised its stake in shares of Duff & Phelps Utilities Tax-Free Income by 35.3% during the third quarter. Doliver Capital Advisors LP now owns 17,827 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 4,651 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Duff & Phelps Utilities Tax-Free Income by 26.7% during the third quarter. First Trust Advisors LP now owns 46,508 shares of the investment management company’s stock valued at $665,000 after purchasing an additional 9,807 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Duff & Phelps Utilities Tax-Free Income during the second quarter valued at about $401,000. Finally, Laurion Capital Management LP raised its stake in shares of Duff & Phelps Utilities Tax-Free Income by 247.5% during the second quarter. Laurion Capital Management LP now owns 92,834 shares of the investment management company’s stock valued at $1,355,000 after purchasing an additional 66,122 shares in the last quarter. Institutional investors and hedge funds own 8.35% of the company’s stock.

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Duff & Phelps Utilities Tax-Free Income Company Profile

DTF Tax-Free Income Inc is a diversified, closed-end management investment company. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.

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