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

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.42 and traded as low as $11.40. DTF Tax-Free Income 2028 Term Fund shares last traded at $11.4910, with a volume of 2,667 shares.

DTF Tax-Free Income 2028 Term Fund Trading Up 0.0%

The business’s fifty day moving average price is $11.43 and its 200 day moving average price is $11.42.

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 dividend of $0.0325 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of DTF. Focus Partners Wealth grew its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 2,687.2% during the fourth quarter. Focus Partners Wealth now owns 480,856 shares of the investment management company’s stock worth $5,492,000 after buying an additional 463,604 shares in the last quarter. Seven Mile Advisory purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth about $1,446,000. Avise Financial Cooperative Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $537,000. LPL Financial LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $204,000. Finally, Savvy Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter worth about $166,000. 43.81% of the stock is currently owned by hedge funds and other institutional investors.

DTF Tax-Free Income 2028 Term Fund Company Profile

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.