DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) by 69.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,047 shares of the investment management company’s stock after selling 78,100 shares during the period. Allspring Global Investments Holdings LLC’s holdings in DTF Tax-Free Income 2028 Term Fund were worth $393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DTF. J.W. Cole Advisors Inc. purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $138,000. Hara Capital LLC boosted its position in DTF Tax-Free Income 2028 Term Fund by 27.6% in the 3rd quarter. Hara Capital LLC now owns 462,306 shares of the investment management company’s stock valued at $5,210,000 after buying an additional 100,075 shares during the period. Thrivent Financial for Lutherans purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $308,000. Kovitz Investment Group Partners LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $5,819,000. Finally, Virtu Financial LLC purchased a new position in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at approximately $207,000. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Price Performance

Shares of DTF stock opened at $11.34 on Tuesday. DTF Tax-Free Income 2028 Term Fund Inc. has a 52 week low of $10.63 and a 52 week high of $11.45. The firm has a 50 day moving average of $11.23 and a two-hundred day moving average of $11.26.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

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 given a $0.0325 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.39 annualized dividend and a yield of 3.44%.

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.