J.W. Cole Advisors Inc. Has $166,000 Stock Holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

J.W. Cole Advisors Inc. raised its stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 20.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,780 shares of the investment management company’s stock after buying an additional 2,500 shares during the period. J.W. Cole Advisors Inc.’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $166,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $207,000. Sanctuary Advisors LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 14.9% in the third quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock valued at $260,000 after buying an additional 3,000 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $308,000. Hara Capital LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 27.6% in the third quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock valued at $5,210,000 after buying an additional 100,075 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $5,819,000. Institutional investors and hedge funds own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.32 on Friday. 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. The company’s 50 day moving average price is $11.23 and its two-hundred day moving average price is $11.26.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

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

DTF Tax-Free Income 2028 Term Fund Company 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.