DTF Tax-Free Income 2028 Term Fund
27 hedge funds and large institutions have $11.5M invested in DTF Tax-Free Income 2028 Term Fund in 2017 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 8 increasing their positions, 10 reducing their positions, and 3 closing their positions.
100% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 3
13% more capital invested
Capital invested by funds: $10.2M → $11.5M (+$1.31M)
13% more funds holding
Funds holding: 24 → 27 (+3)
1.22% more ownership
Funds ownership: 8.4% → 9.62% (+1.2%)
20% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$489K |
| 2 |
Morgan Stanley
New York
|
+$433K |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$408K |
| 4 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$290K |
| 5 |
MIG
Mariner Investment Group
Harrison,
New York
|
+$247K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$425K |
| 2 |
CRC
Curi RMB Capital
Chicago,
Illinois
|
-$326K |
| 3 |
IWA
IBEX Wealth Advisors
Bedminster,
New Jersey
|
-$88K |
| 4 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$85.3K |
| 5 |
LTFS
Ladenburg Thalmann Financial Services
Miami,
Florida
|
-$85.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BC
26
Bartlett & Co
Cincinnati,
Ohio
| $28K | – | – | – |
|
|
SWM
27
SeaCrest Wealth Management
Purchase,
New York
| $24K | +$24.1K | +1,695 | New |
|
|
HNB
28
Huntington National Bank
Columbus,
Ohio
| $12K | – | – | – |
|
|
RJFSA
29
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$425K | -29,730 | Closed |
|
|
IWA
30
IBEX Wealth Advisors
Bedminster,
New Jersey
| – | -$88K | -6,208 | Closed |
|
31
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$50K | -3,500 | Closed |
|
DTF Hedge Fund Activity: Q4 2017 in Review
27 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q4 2017, worth a combined $11.5M — up 13% from $10.2M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DTF positions and 3 closed out — a net gain of 3 holders — while 8 added to existing stakes and 10 trimmed.
The largest buyer was Wolverine Asset Management, adding an estimated $489K. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $425K sold.
- 27 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q4 2017, up from 24 in Q3 2017.
- Funds reported $11.5M of DTF Tax-Free Income 2028 Term Fund stock for Q4 2017, up 13% quarter-over-quarter.
- 6 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q4 2017 and 3 closed out, a net change of +3 holders.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q4 2017 was Wolverine Asset Management, an estimated $489K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q4 2017 was Raymond James Financial Services Advisors, an estimated $425K sold.
Based on aggregated 13F filings for Q4 2017.