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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares saw an uptick in trading volume on Tuesday . 742,070 shares were traded during trading, an increase of 2% from the previous session’s volume of 731,089 shares.The stock last traded at $30.2650 and had previously closed at $30.19.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The stock has a 50-day moving average price of $28.48 and a two-hundred day moving average price of $26.44.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.4093 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.4%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in First Trust Global Tactical Commodity Strategy Fund by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock valued at $2,572,000 after purchasing an additional 382 shares during the last quarter. Northwest Wealth Management LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% during the fourth quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock worth $215,000 after purchasing an additional 533 shares during the period. Kovack Advisors Inc. boosted its position in First Trust Global Tactical Commodity Strategy Fund by 3.1% in the fourth quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock valued at $466,000 after buying an additional 612 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 0.8% in the fourth quarter. Orion Porfolio Solutions LLC now owns 80,163 shares of the company’s stock valued at $1,862,000 after buying an additional 645 shares during the last quarter. Finally, MTM Investment Management LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 2.2% in the 3rd quarter. MTM Investment Management LLC now owns 31,304 shares of the company’s stock worth $811,000 after buying an additional 659 shares during the period.

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.