Allspring Global Investments Holdings LLC Decreases Stock Holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Allspring Global Investments Holdings LLC reduced its position in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 69.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,047 shares of the investment management company’s stock after selling 78,100 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $5,819,000. Hara Capital LLC increased its stake in shares of DTF Tax-Free Income 2028 Term Fund by 27.6% during the third quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock worth $5,210,000 after acquiring an additional 100,075 shares during the period. Thrivent Financial for Lutherans acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $308,000. Sanctuary Advisors LLC increased its stake in shares of DTF Tax-Free Income 2028 Term Fund by 14.9% during the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock worth $260,000 after acquiring an additional 3,000 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $207,000. 43.81% of the stock is owned by hedge funds and other institutional investors.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF stock opened at $11.34 on Tuesday. DTF Tax-Free Income 2028 Term Fund Inc. has a 52 week low of $10.63 and a 52 week high of $11.45. The company’s 50-day moving average price is $11.23 and its 200 day moving average price is $11.26.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, March 17th.

DTF Tax-Free Income 2028 Term Fund 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.