DTF Tax Free Income (NYSE:DTF) Stock Crosses Above 50-Day Moving Average of $14.12

DTF Tax Free Income Inc. (NYSE:DTF) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.12 and traded as high as $14.34. DTF Tax Free Income shares last traded at $14.29, with a volume of 7,827 shares trading hands.

The company has a 50 day simple moving average of $14.12 and a 200 day simple moving average of $13.84.

The business also recently disclosed a — dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.04 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Friday, December 13th.

Institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. bought a new stake in shares of DTF Tax Free Income during the 2nd quarter worth approximately $326,000. Park Avenue Securities LLC bought a new stake in shares of DTF Tax Free Income during the 2nd quarter worth approximately $326,000. First Trust Advisors LP raised its stake in shares of DTF Tax Free Income by 11.3% during the 1st quarter. First Trust Advisors LP now owns 38,957 shares of the investment management company’s stock worth $515,000 after purchasing an additional 3,946 shares in the last quarter. Vivaldi Capital Management LLC raised its stake in shares of DTF Tax Free Income by 13.6% during the 2nd quarter. Vivaldi Capital Management LLC now owns 38,262 shares of the investment management company’s stock worth $530,000 after purchasing an additional 4,566 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. raised its stake in shares of DTF Tax Free Income by 83.5% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 53,501 shares of the investment management company’s stock worth $741,000 after purchasing an additional 24,350 shares in the last quarter. Institutional investors own 34.74% of the company’s stock.

About DTF Tax Free Income (NYSE:DTF)

DTF Tax-Free Income 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.

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