DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its holdings in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 54.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,264 shares of the investment management company’s stock after selling 25,055 shares during the period. Wolverine Asset Management LLC owned approximately 0.30% of DTF Tax-Free Income 2028 Term Fund worth $233,000 as of its most recent SEC filing.

Separately, Relative Value Partners Group LLC grew its position in DTF Tax-Free Income 2028 Term Fund by 338.6% during the fourth quarter. Relative Value Partners Group LLC now owns 525,090 shares of the investment management company’s stock worth $5,645,000 after buying an additional 405,366 shares during the period. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.2 %

DTF stock opened at $11.30 on Friday. The firm has a 50 day moving average of $11.16 and a 200-day moving average of $10.95. DTF Tax-Free Income 2028 Term Fund Inc. has a 12-month low of $10.29 and a 12-month high of $11.35.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.0325 per share. The ex-dividend date is Monday, September 16th. This represents a $0.39 dividend on an annualized basis and a yield of 3.45%.

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.