DTF Tax-Free Income 2028 Term Fund
22 hedge funds and large institutions have $7.77M invested in DTF Tax-Free Income 2028 Term Fund in 2016 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
0.81% less ownership
Funds ownership: 7.12% → 6.31% (-0.81%)
12% less funds holding
Funds holding: 25 → 22 (-3)
21% less capital invested
Capital invested by funds: $9.89M → $7.77M (-$2.12M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$147K |
| 2 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
+$111K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$98.2K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$28.5K |
| 5 |
DHFB
Dixon Hubard Feinour & Brown
Roanoke,
Virginia
|
+$22.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$803K |
| 2 |
VKH
Virtu KCG Holdings
New York
|
-$175K |
| 3 |
Morgan Stanley
New York
|
-$154K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$124K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
-$67.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AG
26
Advisor Group
Phoenix,
Arizona
| – | -$24K | -1,500 | Closed |
|
27
Envestnet Asset Management
Chicago,
Illinois
| – | -$17K | -1,025 | Closed |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| – | -$3K | -173 | Closed |
|
DTF Hedge Fund Activity: Q4 2016 in Review
22 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2016, worth a combined $7.77M — down 21% from $9.89M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of DTF and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was First Trust Advisors, adding an estimated $147K. The largest seller was Royal Bank of Canada, cutting an estimated $803K.
- 22 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2016, down from 25 in Q3 2016.
- Funds reported $7.77M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2016, down 21% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2016 and 5 closed out, a net change of -3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2016 was First Trust Advisors, an estimated $147K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2016 was Royal Bank of Canada, an estimated $803K sold.
Based on aggregated 13F filings for Q4 2016.