Avise Financial Cooperative Inc. Buys Shares of 47,027 DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Avise Financial Cooperative Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 47,027 shares of the investment management company’s stock, valued at approximately $537,000. Avise Financial Cooperative Inc. owned 0.67% of DTF Tax-Free Income 2028 Term Fund at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Mile Advisory bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter valued at about $1,446,000. Hara Capital LLC lifted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 4.7% in the fourth quarter. Hara Capital LLC now owns 288,189 shares of the investment management company’s stock valued at $3,291,000 after purchasing an additional 12,898 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the first quarter valued at about $190,000. Raymond James Financial Inc. bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $69,000. Finally, Garner Asset Management Corp bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at about $70,000. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of DTF Tax-Free Income 2028 Term Fund stock opened at $11.52 on Friday. The stock’s 50-day moving average is $11.44 and its 200-day moving average is $11.42. DTF Tax-Free Income 2028 Term Fund Inc. has a one year low of $11.12 and a one year high of $11.60.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, June 15th.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund (NYSE:DTF) is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.