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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.22 and traded as low as $11.18. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.19, with a volume of 1,501 shares traded.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.3%

The company has a 50-day moving average price of $11.19 and a 200 day moving average price of $11.22.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, September 15th.

Institutional Investors Weigh In On DTF Tax-Free Income 2028 Term Fund

A number of large investors have recently bought and sold shares of DTF. Focus Partners Wealth bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter worth approximately $190,000. Sit Investment Associates Inc. grew its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 47.0% in the 1st quarter. Sit Investment Associates Inc. now owns 910,488 shares of the investment management company’s stock valued at $10,207,000 after acquiring an additional 291,117 shares in the last quarter. Nuveen LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the 1st quarter worth approximately $180,000. Hara Capital LLC lifted its stake in DTF Tax-Free Income 2028 Term Fund by 0.7% in the first quarter. Hara Capital LLC now owns 247,965 shares of the investment management company’s stock valued at $2,780,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the 1st quarter valued at $36,000. 43.81% of the stock is currently owned by 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.