Virtu Financial LLC Invests $207,000 in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF)

Virtu Financial LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 18,347 shares of the investment management company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the third quarter worth $138,000. Sanctuary Advisors LLC purchased a new stake in DTF Tax-Free Income 2028 Term Fund during the 2nd quarter valued at about $216,000. Thrivent Financial for Lutherans acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the 3rd quarter valued at about $308,000. Beverly Hills Private Wealth LLC lifted its stake 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 purchasing an additional 29,990 shares in the last quarter. Finally, Almitas Capital LLC boosted its holdings 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. Hedge funds and other institutional investors own 43.81% of the company’s stock.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.2 %

NYSE:DTF opened at $11.22 on Thursday. DTF Tax-Free Income 2028 Term Fund Inc. has a one year low of $10.63 and a one year high of $11.45. The stock has a 50 day moving average price of $11.28 and a 200 day moving average price of $11.19.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Monday, March 17th.

About DTF Tax-Free Income 2028 Term Fund

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.