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) saw unusually-strong trading volume on Friday. Approximately 750,425 shares were traded during trading, an increase of 9% from the average daily volume of 690,403 shares. The stock last traded at $28.9650 and had previously closed at $28.98.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.0%

The business has a 50-day moving average price of $30.84 and a 200 day moving average price of $28.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.1317 dividend. This is a drop from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.1691. This represents a $0.53 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, September 24th.

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

A number of hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at $39,000. Advisors Preferred LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 1st quarter worth $73,000. Jacobi Capital Management LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth about $138,000. Miller Financial Services LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth about $205,000. Finally, SigFig Wealth Management LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth about $212,000.

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.