November 18, 2016 - By Vivian Park · 0 Comments
DTF Tax-free Income Inc (NYSE:DTF) institutional sentiment increased to 1.43 in 2016 Q2. Its up 0.53, from 0.9 in 2016Q1. The ratio has increased, as 9 investment professionals opened new or increased holdings, while 10 reduced and sold their stakes in DTF Tax-free Income Inc. The investment professionals in our partner’s database now possess: 651,080 shares, down from 816,029 shares in 2016Q1. Also, the number of investment professionals holding DTF Tax-free Income Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 3 Increased: 6 New Position: 3.
DTF Tax-Free Income Inc. is a diversified, closed-end management investment company. The company has a market cap of $125.75 million. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. It currently has negative earnings. The Fund seeks to achieve its investment objective by investing primarily (approximately 80% of its total assets) in a diversified portfolio of investment-grade tax-exempt obligations.
The stock decreased 0.38% or $0.05 on November 17, hitting $14.44. DTF Tax Free Income Inc. (NYSE:DTF) has declined 13.27% since April 18, 2016 and is downtrending. It has underperformed by 17.70% the S&P500.
Segment Wealth Management Llc holds 0.1% of its portfolio in DTF Tax Free Income Inc. for 14,401 shares. Dixon Hubard Feinour & Brown Inc Va owns 11,715 shares or 0.06% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.03% invested in the company for 105,285 shares. The New York-based Mackay Shields Llc has invested 0.02% in the stock. Valley National Advisers Inc, a Pennsylvania-based fund reported 2,339 shares.#img1#
DTF Tax-Free Income Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax consistent with preservation of capital. The Fund primarily invests (at least 65% of its total assets) in a diversified portfolio of investment-grade, tax-exempt utility obligations. DTF Tax-Free Income Inc.’s investment advisor is Duff & Phelps Investment Management Co., a subsidiary of Phoenix Investment Partners, Ltd.
More notable recent DTF Tax Free Income Inc. (NYSE:DTF) news were published by: Prnewswire.com which released: “Duff & Phelps Closed-End Funds Elect Donald C. Burke As Independent Director” on July 29, 2014, also Businesswire.com with their article: “SunAmerica Launches New Fixed Income Portfolio Managed by David Albrycht of …” published on October 29, 2014, Barrons.com published: “Micron Tech Insiders Sell $5.7 Million in Stock” on October 08, 2014. More interesting news about DTF Tax Free Income Inc. (NYSE:DTF) were released by: Money.Cnn.com and their article: “Bagelers decry New York schmear tactics” published on August 25, 2010 as well as Seekingalpha.com‘s news article titled: “Marilyn Cohen’s Bond Smart Investing: Decimal Dust” with publication date: October 08, 2015.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park