DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Breaks Above 200 Day Moving Average – Here’s What Happened

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $11.45 and traded as high as $11.51. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.48, with a volume of 12,843 shares changing hands.

DTF Tax-Free Income 2028 Term Fund Price Performance

The firm has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a $0.0325 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $0.39 annualized dividend and a dividend yield of 3.4%.

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

Several large investors have recently made changes to their positions in DTF. Almitas Capital LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at about $4,101,000. Beverly Hills Private Wealth LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $3,880,000. Hara Capital LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $3,554,000. Avise Financial Cooperative Inc. acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $542,000. Finally, 49 Wealth Management LLC bought a new stake in DTF Tax-Free Income 2028 Term Fund in the 2nd quarter valued at approximately $258,000. Institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Company Profile

DTF Tax-Free Income 2028 Term Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol DTF. The fund is designed to provide current income that is generally exempt from regular federal income tax.

The fund invests primarily in a portfolio of municipal securities issued by states, municipalities and other governmental entities in the United States. Its holdings may include bonds used to finance public infrastructure and other governmental or community projects.