DTF Tax-Free Income 2028 Term Fund
25 hedge funds and large institutions have $9.89M invested in DTF Tax-Free Income 2028 Term Fund in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
4% more funds holding
Funds holding: 24 → 25 (+1)
0.77% less ownership
Funds ownership: 7.89% → 7.12% (-0.77%)
12% less capital invested
Capital invested by funds: $11.3M → $9.89M (-$1.37M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$786K |
| 2 |
LPL Financial
San Diego,
California
|
+$189K |
| 3 |
VKH
Virtu KCG Holdings
New York
|
+$177K |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$119K |
| 5 |
Creative Planning
Overland Park,
Kansas
|
+$57.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.54M |
| 2 |
MSL
Mackay Shields LLC
New York
|
-$453K |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
-$366K |
| 4 |
Morgan Stanley
New York
|
-$146K |
| 5 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$30.5K |
DTF Hedge Fund Activity: Q3 2016 in Review
25 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in DTF Tax-Free Income 2028 Term Fund (DTF) for Q3 2016, worth a combined $9.89M — down 12% from $11.3M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new DTF positions and 1 closed out — a net gain of 1 holder — while 7 added to existing stakes and 6 trimmed.
The largest buyer was Bank of America, adding an estimated $786K. The largest seller was Royal Bank of Canada, cutting an estimated $1.54M.
- 25 institutional investors held DTF Tax-Free Income 2028 Term Fund (DTF) as of Q3 2016, up from 24 in Q2 2016.
- Funds reported $9.89M of DTF Tax-Free Income 2028 Term Fund stock for Q3 2016, down 12% quarter-over-quarter.
- 2 funds opened new DTF Tax-Free Income 2028 Term Fund positions in Q3 2016 and 1 closed out, a net change of +1 holder.
- The largest DTF Tax-Free Income 2028 Term Fund buyer in Q3 2016 was Bank of America, an estimated $786K added.
- The largest DTF Tax-Free Income 2028 Term Fund seller in Q3 2016 was Royal Bank of Canada, an estimated $1.54M sold.
Based on aggregated 13F filings for Q3 2016.