DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Passes Below 200 Day Moving Average – What’s Next?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.23 and traded as low as $11.16. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.19, with a volume of 5,454 shares changing hands.

DTF Tax-Free Income 2028 Term Fund Stock Performance

The business’s 50-day moving average is $11.22 and its two-hundred day moving average is $11.23.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 3.47%. The ex-dividend date is Monday, March 17th.

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

Several large investors have recently added to or reduced their stakes in the stock. Almitas Capital LLC grew its position in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% during the second quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after acquiring an additional 4,274 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $216,000. J.W. Cole Advisors Inc. bought a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth about $138,000. Hara Capital LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 27.6% in the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock worth $5,210,000 after purchasing an additional 100,075 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $308,000. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.