First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Up 0.1% – Here’s Why

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares were up 0.1% on Wednesday . The company traded as high as $23.76 and last traded at $23.72. Approximately 310,710 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 507,116 shares. The stock had previously closed at $23.69.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.4 %

The firm has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $23.60.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1867 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.75 dividend on an annualized basis and a yield of 3.13%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Large investors have recently added to or reduced their stakes in the business. Total Investment Management Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth $43,857,000. Arvest Investments Inc. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 456,448.6% during the third quarter. Arvest Investments Inc. now owns 337,846 shares of the company’s stock worth $8,004,000 after buying an additional 337,772 shares during the period. Cetera Investment Advisers raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 87.5% in the 1st quarter. Cetera Investment Advisers now owns 592,631 shares of the company’s stock valued at $14,057,000 after acquiring an additional 276,594 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in First Trust Global Tactical Commodity Strategy Fund by 69.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 528,982 shares of the company’s stock worth $12,648,000 after purchasing an additional 217,620 shares during the period. Finally, Prospera Financial Services Inc raised its position in First Trust Global Tactical Commodity Strategy Fund by 226.8% in the third quarter. Prospera Financial Services Inc now owns 287,825 shares of the company’s stock valued at $6,819,000 after purchasing an additional 199,747 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.