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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGCGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 1,375,142 shares were traded 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 Down 0.1%

The company has a fifty day moving average price of $29.11 and a two-hundred day moving average price of $26.81.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

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

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 25.6% during the first quarter. NewEdge Advisors LLC now owns 262,810 shares of the company’s stock worth $7,545,000 after purchasing an additional 53,509 shares during the last quarter. Concorde Asset Management LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 5.4% in the first quarter. Concorde Asset Management LLC now owns 28,922 shares of the company’s stock worth $830,000 after acquiring an additional 1,490 shares in the last quarter. Western Wealth Management LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 1.5% in the first quarter. Western Wealth Management LLC now owns 70,567 shares of the company’s stock worth $2,026,000 after acquiring an additional 1,068 shares in the last quarter. Bank of America Corp DE raised its position in First Trust Global Tactical Commodity Strategy Fund by 7.9% in the first quarter. Bank of America Corp DE now owns 71,708 shares of the company’s stock worth $2,059,000 after acquiring an additional 5,249 shares in the last quarter. Finally, Centaurus Financial Inc. raised its position in First Trust Global Tactical Commodity Strategy Fund by 16.8% in the first quarter. Centaurus Financial Inc. now owns 12,013 shares of the company’s stock worth $345,000 after acquiring an additional 1,728 shares in the last quarter.

About First Trust Global Tactical Commodity Strategy Fund

(Get Free Report)

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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