First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Large Volume Increase – Here’s What Happened

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw unusually-high trading volume on Monday . Approximately 1,375,142 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 744,638 shares.The stock last traded at $28.3250 and had previously closed at $28.28.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm has a 50 day moving average of $29.11 and a 200-day moving average of $26.83.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.4093 per share. This represents a $1.64 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several hedge funds have recently modified their holdings of FTGC. HighTower Advisors LLC grew its stake in First Trust Global Tactical Commodity Strategy Fund by 0.4% during the third quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock valued at $2,572,000 after acquiring an additional 382 shares in the last quarter. Northwest Wealth Management LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock worth $215,000 after purchasing an additional 533 shares in the last quarter. Kovack Advisors Inc. boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.1% during the 4th quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock valued at $466,000 after purchasing an additional 612 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% during the 4th quarter. Orion Porfolio Solutions LLC now owns 80,163 shares of the company’s stock valued at $1,862,000 after purchasing an additional 645 shares during the last quarter. Finally, Barnes Wealth Management Group Inc grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 8.8% during the third quarter. Barnes Wealth Management Group Inc now owns 9,348 shares of the company’s stock valued at $242,000 after purchasing an additional 755 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Company Profile

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an exchange-traded fund that is based on the Benchmark for FTGC Fund index. The fund is an actively managed fund that, through a subsidiary, provides broad exposure to commodities through futures contracts. The fund is structured as a 1940 Act open-ended fund. FTGC was launched on Oct 23, 2013 and is managed by First Trust.