Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 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 Down 0.3%
The company's fifty day moving average is $24.80 and its 200-day moving average is $24.78.
First Trust Global Tactical Commodity Strategy Fund Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.1509 dividend. This represents a $0.60 annualized dividend and a yield of 2.41%. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14. The ex-dividend date was Thursday, June 26th.
Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund
A number of institutional investors have recently added to or reduced their stakes in FTGC. SBI Securities Co. Ltd. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at approximately $25,000. Raymond James Financial Inc. bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $18,836,000. Independent Advisor Alliance bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $260,000. Wealthfront Advisers LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $141,000. Finally, HighTower Advisors LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 59.6% in the fourth quarter. HighTower Advisors LLC now owns 211,124 shares of the company's stock worth $5,052,000 after buying an additional 78,845 shares during the last quarter.
About First Trust Global Tactical Commodity Strategy Fund
(
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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.
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