Sanctuary Advisors LLC Has $210,000 Stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Sanctuary Advisors LLC trimmed its position in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 19.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,619 shares of the investment management company’s stock after selling 4,500 shares during the quarter. Sanctuary Advisors LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $210,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in DTF. J.W. Cole Advisors Inc. raised its holdings in DTF Tax-Free Income 2028 Term Fund by 20.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock worth $166,000 after purchasing an additional 2,500 shares during the last quarter. Virtu Financial LLC bought a new position in shares of DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $207,000. Thrivent Financial for Lutherans acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth approximately $308,000. Hara Capital LLC lifted its stake in shares of 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 valued at $5,210,000 after purchasing an additional 100,075 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth about $5,819,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.1 %

Shares of NYSE:DTF opened at $11.30 on Thursday. The firm’s 50 day simple moving average is $11.26 and its 200 day simple moving average is $11.27. DTF Tax-Free Income 2028 Term Fund Inc. has a fifty-two week low of $10.63 and a fifty-two week high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Monday, March 17th.

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.