DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) Stock Price Up 0.2% – Still a Buy?

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s share price was up 0.2% on Friday . The stock traded as high as $11.32 and last traded at $11.31. Approximately 11,325 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 14,511 shares. The stock had previously closed at $11.29.

DTF Tax-Free Income 2028 Term Fund Price Performance

The company has a fifty day simple moving average of $11.27 and a two-hundred day simple moving average of $11.17.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.0325 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.39 dividend on an annualized basis and a yield of 3.45%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. J.W. Cole Advisors Inc. purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth about $138,000. Virtu Financial LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $207,000. Sanctuary Advisors LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at approximately $216,000. Thrivent Financial for Lutherans purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter valued at approximately $308,000. Finally, Beverly Hills Private Wealth LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 105.2% during the second quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after acquiring an additional 29,990 shares during the last quarter. 43.81% of the stock is owned by hedge funds and other 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.