DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as low as $10.97. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.06, with a volume of 64,541 shares.

DTF Tax-Free Income 2028 Term Fund Price Performance

The business has a fifty day simple moving average of $11.23 and a 200-day simple moving average of $11.20.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.0325 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.39 annualized dividend and a dividend yield of 3.50%.

Institutional Trading of DTF Tax-Free Income 2028 Term Fund

Several hedge funds have recently bought and sold shares of the business. Almitas Capital LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 1.2% in the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after purchasing an additional 4,274 shares in the last quarter. Beverly Hills Private Wealth LLC grew its stake in DTF Tax-Free Income 2028 Term Fund by 105.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock valued at $641,000 after purchasing an additional 29,990 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $308,000. Kovitz Investment Group Partners LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth $5,819,000. Finally, Sanctuary Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund during the second quarter valued at about $216,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

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.