First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw strong trading volume on Monday . 532,992 shares traded hands during mid-day trading, a decline of 25% from the previous session’s volume of 710,663 shares.The stock last traded at $28.83 and had previously closed at $28.88.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.1%

The company has a 50-day moving average of $26.54 and a 200 day moving average of $25.92.

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. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.7%.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently made changes to their positions in the company. UBS Group AG increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% during the 4th quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock worth $31,902,000 after purchasing an additional 23,761 shares in the last quarter. Carrera Capital Advisors grew its stake in First Trust Global Tactical Commodity Strategy Fund by 16.1% during the fourth quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock worth $24,883,000 after buying an additional 148,930 shares during the last quarter. Flaharty Asset Management LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 5.2% in the third quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock valued at $25,349,000 after acquiring an additional 48,812 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 5.9% in the 2nd quarter. NewEdge Advisors LLC now owns 975,708 shares of the company’s stock worth $24,071,000 after acquiring an additional 54,315 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 4.5% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock worth $21,952,000 after acquiring an additional 41,105 shares in the last quarter.

About First Trust Global Tactical Commodity Strategy Fund

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.