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

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw an uptick in trading volume on Thursday . 802,543 shares were traded during mid-day trading, an increase of 42% from the previous session's volume of 566,724 shares.The stock last traded at $25.10 and had previously closed at $25.11.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.2%

The stock has a 50 day moving average price of $24.85 and a 200 day moving average price of $24.82.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1509 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FTGC. CX Institutional bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $29,000. Mechanics Financial Corp bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $48,000. Ameriflex Group Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $50,000. AdvisorNet Financial Inc raised its position in First Trust Global Tactical Commodity Strategy Fund by 83.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after purchasing an additional 1,058 shares during the last quarter. Finally, BOKF NA raised its position in First Trust Global Tactical Commodity Strategy Fund by 8,196.9% during the 4th quarter. BOKF NA now owns 2,655 shares of the company's stock worth $66,000 after purchasing an additional 2,623 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.