Corps Capital Advisors LLC Takes Position in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Corps Capital Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,000 shares of the investment management company’s stock, valued at approximately $213,000.

Several other hedge funds have also modified their holdings of the stock. J.W. Cole Advisors Inc. raised its stake in DTF Tax-Free Income 2028 Term Fund by 20.4% in 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 buying an additional 2,500 shares in the last quarter. Sanctuary Advisors LLC raised its stake in 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 valued at $260,000 after buying an additional 3,000 shares in the last quarter. Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $207,000. Kovitz Investment Group Partners LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $5,819,000. Finally, Thrivent Financial for Lutherans acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at $308,000. 43.81% of the stock is currently owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Performance

DTF Tax-Free Income 2028 Term Fund stock opened at $11.33 on Thursday. 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 stock’s fifty day moving average is $11.23 and its two-hundred day moving average is $11.26.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 17th.

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.