20,119 Shares in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,119 shares of the investment management company’s stock, valued at approximately $216,000. Sanctuary Advisors LLC owned 0.29% of DTF Tax-Free Income 2028 Term Fund as of its most recent SEC filing.

Separately, Almitas Capital LLC lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% in the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after acquiring an additional 4,274 shares during the period. Institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.3 %

Shares of NYSE:DTF opened at $11.31 on Monday. DTF Tax-Free Income 2028 Term Fund Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $11.45. The firm’s 50-day simple moving average is $11.29 and its 200-day simple moving average is $11.06.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, December 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.