First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be given a dividend of $0.1317 per share on Wednesday, September 30th. This represents a $0.53 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 22.1% decrease from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691.
First Trust Global Tactical Commodity Strategy Fund Price Performance
Shares of First Trust Global Tactical Commodity Strategy Fund stock opened at $31.37 on Friday. The stock has a 50-day moving average price of $30.16 and a 200 day moving average price of $29.12. First Trust Global Tactical Commodity Strategy Fund has a 1 year low of $22.70 and a 1 year high of $31.71.
Institutional Trading of First Trust Global Tactical Commodity Strategy Fund
Several hedge funds and other institutional investors have recently modified their holdings of FTGC. Envestnet Asset Management Inc. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 880.6% in the second quarter. Envestnet Asset Management Inc. now owns 7,478,012 shares of the company’s stock worth $202,280,000 after buying an additional 6,715,450 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after buying an additional 148,098 shares in the last quarter. Financial Enhancement Group LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 38.9% in the 2nd quarter. Financial Enhancement Group LLC now owns 666,514 shares of the company’s stock worth $18,029,000 after buying an additional 186,572 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 1st quarter. Valmark Advisers Inc. now owns 619,499 shares of the company’s stock worth $17,786,000 after purchasing an additional 20,844 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 15.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 747,842 shares of the company’s stock valued at $17,372,000 after purchasing an additional 98,436 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.
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