DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Share Price Passes Below 200 Day Moving Average of $10.75

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.75 and traded as low as $10.66. DTF Tax-Free Income 2028 Term Fund shares last traded at $10.66, with a volume of 4,240 shares traded.

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

The firm’s 50-day simple moving average is $10.78 and its 200 day simple moving average is $10.75.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, June 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,877 shares of the investment management company’s stock valued at $173,000 after acquiring an additional 902 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 28,211 shares of the investment management company’s stock valued at $366,000 after acquiring an additional 1,963 shares in the last quarter. Almitas Capital LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $66,000. Atria Wealth Solutions Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $132,000. Finally, Nuveen Asset Management LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $276,000. 43.81% of the stock is currently owned by institutional investors.

About DTF Tax-Free Income 2028 Term Fund

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.