1607 Capital Partners LLC Cuts Stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

1607 Capital Partners LLC lessened its stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 33.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,636 shares of the investment management company’s stock after selling 107,065 shares during the quarter. 1607 Capital Partners LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $2,362,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GWN Securities Inc. bought a new stake in DTF Tax-Free Income 2028 Term Fund in the 4th quarter valued at $155,000. J.W. Cole Advisors Inc. grew its position in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock valued at $166,000 after purchasing an additional 2,500 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the third quarter worth about $207,000. Corps Capital Advisors LLC purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the fourth quarter worth about $213,000. Finally, Sanctuary Advisors LLC lifted its position in shares of 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 worth $260,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Performance

NYSE DTF opened at $11.13 on Wednesday. DTF Tax-Free Income 2028 Term Fund Inc. has a 1-year low of $10.63 and a 1-year high of $11.45. The business has a 50 day simple moving average of $11.26 and a two-hundred day simple moving average of $11.25.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date 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.