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

Key Points

• Volume spike: FTGC traded about 818,809 shares on Friday, a 13% increase from the prior session, and last traded near $29.57, trading above its 50‑day ($28.04) and 200‑day ($26.31) moving averages.
• Dividend update: the fund paid a quarterly dividend of $0.4093 (ex‑dividend March 26), equal to a $1.64 annualized payout and a 5.5% yield.
• Fund profile: FTGC is an actively managed First Trust ETF that provides broad exposure to commodities through futures contracts and is structured as a 1940 Act open‑ended fund (launched Oct 23, 2013).

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) saw unusually-strong trading volume on Friday . Approximately 818,809 shares changed hands during trading, an increase of 13% from the previous session's volume of 726,596 shares.The stock last traded at $29.5690 and had previously closed at $29.67.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The stock's 50-day simple moving average is $28.04 and its two-hundred day simple moving average is $26.31.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.4093 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 annualized dividend and a yield of 5.5%.

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

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 0.4% in the third quarter. HighTower Advisors LLC now owns 99,294 shares of the company's stock valued at $2,572,000 after acquiring an additional 382 shares in the last quarter. Northwest Wealth Management LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company's stock valued at $215,000 after purchasing an additional 533 shares in the last quarter. Kovack Advisors Inc. raised its position in First Trust Global Tactical Commodity Strategy Fund by 3.1% in the 4th quarter. Kovack Advisors Inc. now owns 20,043 shares of the company's stock valued at $466,000 after purchasing an additional 612 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% in the 4th 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 period. Finally, MTM Investment Management LLC boosted its stake in shares of 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 valued at $811,000 after buying an additional 659 shares during the period.

About First Trust Global Tactical Commodity Strategy Fund

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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