Beverly Hills Private Wealth LLC Takes $3.88 Million Position in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Beverly Hills Private Wealth LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 335,921 shares of the investment management company’s stock, valued at approximately $3,880,000. Beverly Hills Private Wealth LLC owned approximately 4.78% of DTF Tax-Free Income 2028 Term Fund as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Focus Partners Wealth increased its stake in DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the 4th 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 during the period. Avise Financial Cooperative Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth approximately $537,000. LPL Financial LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $204,000. Closed End Fund Advisors Inc. bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $165,000. Finally, Garner Asset Management Corp acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at approximately $70,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

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

NYSE DTF 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 company’s 50 day simple moving average is $11.50 and its 200 day simple moving average is $11.47.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

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

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.