Allspring Global Investments Holdings LLC Sells 7,000 Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Allspring Global Investments Holdings LLC lessened its holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 5.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 113,147 shares of the investment management company’s stock after selling 7,000 shares during the period. Allspring Global Investments Holdings LLC owned about 1.61% of DTF Tax-Free Income 2028 Term Fund worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the second quarter worth $216,000. Almitas Capital LLC lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 1.2% during the 2nd quarter. Almitas Capital LLC now owns 353,247 shares of the investment management company’s stock worth $3,872,000 after purchasing an additional 4,274 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC lifted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 105.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after purchasing an additional 29,990 shares during the last quarter. 43.81% of the stock is currently owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Trading Down 0.1 %

DTF opened at $11.19 on Friday. The business’s 50-day moving average is $11.27 and its two-hundred day moving average is $11.08. DTF Tax-Free Income 2028 Term Fund Inc. has a 1 year low of $10.42 and a 1 year high of $11.45.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.0325 per share. The ex-dividend date is Monday, December 16th. This represents a $0.39 annualized dividend and a dividend yield of 3.49%.

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.