GWN Securities Inc. Purchases New Stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

GWN Securities Inc. acquired a new position in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,800 shares of the investment management company’s stock, valued at approximately $155,000.

Other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its holdings in DTF Tax-Free Income 2028 Term Fund by 20.4% in 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 in the last quarter. Virtu Financial LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth $207,000. Corps Capital Advisors LLC bought a new position in DTF Tax-Free Income 2028 Term Fund in the 4th quarter worth $213,000. Sanctuary Advisors LLC raised its holdings in DTF Tax-Free Income 2028 Term Fund by 14.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,119 shares of the investment management company’s stock worth $260,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter worth $308,000. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Stock Performance

Shares of NYSE DTF opened at $11.21 on Wednesday. DTF Tax-Free Income 2028 Term Fund Inc. has a 12 month low of $10.63 and a 12 month high of $11.45. The firm has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $11.27.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, June 16th.

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.