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:FTGC) saw unusually-strong trading volume on Monday . Approximately 1,375,142 shares changed 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 Price Performance

The company has a 50-day simple moving average of $29.11 and a 200-day simple moving average of $26.81.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FTGC. IFP Advisors Inc boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2,744.4% during the third quarter. IFP Advisors Inc now owns 344,766 shares of the company’s stock valued at $8,929,000 after acquiring an additional 332,645 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 3,409.6% in the 4th quarter. Farther Finance Advisors LLC now owns 314,844 shares of the company’s stock worth $7,314,000 after buying an additional 305,873 shares during the last quarter. Axxcess Wealth Management LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 68.5% in the 4th quarter. Axxcess Wealth Management LLC now owns 465,969 shares of the company’s stock worth $10,824,000 after buying an additional 189,361 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth about $3,982,000. Finally, Carrera Capital Advisors boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 16.1% in the 4th 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.

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.