DTF Tax Free Income Inc. (NYSE:DTF) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in DTF Tax Free Income Inc. (NYSE:DTF) by 15.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782,504 shares of the investment management company’s stock after selling 143,646 shares during the quarter. Wells Fargo & Company MN owned about 9.18% of DTF Tax Free Income worth $10,830,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. purchased a new stake in shares of DTF Tax Free Income in the second quarter valued at approximately $326,000. Park Avenue Securities LLC purchased a new stake in shares of DTF Tax Free Income during the 2nd quarter valued at approximately $326,000. Geode Capital Management LLC raised its position in shares of DTF Tax Free Income by 4.1% during the 4th quarter. Geode Capital Management LLC now owns 28,159 shares of the investment management company’s stock valued at $348,000 after buying an additional 1,100 shares during the period. City of London Investment Management Co. Ltd. acquired a new position in DTF Tax Free Income in the first quarter valued at approximately $386,000. Finally, First Trust Advisors LP lifted its holdings in DTF Tax Free Income by 11.3% in the first quarter. First Trust Advisors LP now owns 38,957 shares of the investment management company’s stock valued at $515,000 after acquiring an additional 3,946 shares during the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.

DTF Tax Free Income stock traded down $0.01 during mid-day trading on Wednesday, hitting $13.97. The company’s stock had a trading volume of 3,236 shares, compared to its average volume of 20,168. The stock’s fifty day moving average is $14.06 and its two-hundred day moving average is $13.72. DTF Tax Free Income Inc. has a 1 year low of $12.25 and a 1 year high of $14.18.



The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.035 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.42 dividend on an annualized basis and a yield of 3.01%.

DTF Tax Free Income Company Profile

DTF Tax-Free Income 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.

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Institutional Ownership by Quarter for DTF Tax Free Income (NYSE:DTF)

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