Sanctuary Advisors LLC Trims Stock Holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Sanctuary Advisors LLC cut its holdings in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 19.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,619 shares of the investment management company’s stock after selling 4,500 shares during the quarter. Sanctuary Advisors LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $210,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans acquired a new stake in DTF Tax-Free Income 2028 Term Fund during the third quarter valued at approximately $308,000. Kovitz Investment Group Partners LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the third quarter worth approximately $5,819,000. J.W. Cole Advisors Inc. grew its stake in shares of DTF Tax-Free Income 2028 Term Fund by 20.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 14,780 shares of the investment management company’s stock worth $166,000 after purchasing an additional 2,500 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth $207,000. Finally, Hara Capital LLC boosted its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 27.6% in the third quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock worth $5,210,000 after buying an additional 100,075 shares during the period. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Price Performance

DTF Tax-Free Income 2028 Term Fund stock opened at $11.30 on Thursday. DTF Tax-Free Income 2028 Term Fund Inc. has a fifty-two week low of $10.63 and a fifty-two week high of $11.45. The firm’s 50 day simple moving average is $11.26 and its 200-day simple moving average is $11.27.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.45%. The ex-dividend date 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.