Sanctuary Advisors LLC Buys 3,000 Shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Sanctuary Advisors LLC grew its stake in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 14.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,119 shares of the investment management company’s stock after acquiring an additional 3,000 shares during the period. Sanctuary Advisors LLC owned about 0.33% of DTF Tax-Free Income 2028 Term Fund worth $260,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the third quarter valued at approximately $138,000. Virtu Financial LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter valued at $207,000. Thrivent Financial for Lutherans bought a new position in shares of DTF Tax-Free Income 2028 Term Fund during the 3rd quarter worth $308,000. Beverly Hills Private Wealth LLC increased its holdings in DTF Tax-Free Income 2028 Term Fund by 105.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 58,502 shares of the investment management company’s stock worth $641,000 after acquiring an additional 29,990 shares during the last quarter. Finally, Almitas Capital LLC raised its stake in 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 valued at $3,872,000 after acquiring an additional 4,274 shares during the period. 43.81% of the stock is owned by institutional investors.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.6 %

NYSE DTF opened at $11.13 on Friday. The firm’s 50-day simple moving average is $11.23 and its two-hundred day simple moving average is $11.20. DTF Tax-Free Income 2028 Term Fund Inc. has a 52 week low of $10.63 and a 52 week high of $11.45.

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 issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 3.50%. The ex-dividend date is Monday, March 17th.

DTF Tax-Free Income 2028 Term Fund 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.