27,446 Shares in Duff & Phelps Utilities Tax-Free Income Inc. (DTF) Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. acquired a new position in Duff & Phelps Utilities Tax-Free Income Inc. (NYSE:DTF) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,446 shares of the investment management company’s stock, valued at approximately $401,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Duff & Phelps Utilities Tax-Free Income by 5.4% during the 2nd quarter. Wells Fargo & Company MN now owns 8,725 shares of the investment management company’s stock valued at $127,000 after purchasing an additional 449 shares during the period. Doliver Capital Advisors LP acquired a new stake in Duff & Phelps Utilities Tax-Free Income during the second quarter valued at approximately $192,000. First Trust Advisors LP lifted its stake in Duff & Phelps Utilities Tax-Free Income by 74.5% during the second quarter. First Trust Advisors LP now owns 36,701 shares of the investment management company’s stock valued at $536,000 after purchasing an additional 15,672 shares during the last quarter. Laurion Capital Management LP lifted its stake in Duff & Phelps Utilities Tax-Free Income by 247.5% during the second quarter. Laurion Capital Management LP now owns 92,834 shares of the investment management company’s stock valued at $1,355,000 after purchasing an additional 66,122 shares during the last quarter. Finally, Garner Asset Management Corp acquired a new stake in Duff & Phelps Utilities Tax-Free Income during the second quarter valued at approximately $1,036,000. 7.75% of the stock is owned by institutional investors.

Shares of Duff & Phelps Utilities Tax-Free Income Inc. (NYSE:DTF) opened at $14.22 on Wednesday. Duff & Phelps Utilities Tax-Free Income Inc. has a 1-year low of $14.07 and a 1-year high of $15.98.

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 4.22%.

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Duff & Phelps Utilities Tax-Free Income Company Profile

DTF Tax-Free Income Inc is a diversified, closed-end management investment company. The Fund’s investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. 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.

Institutional Ownership by Quarter for Duff & Phelps Utilities Tax-Free Income (NYSE:DTF)

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