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 unusually-strong trading volume on Thursday . Approximately 802,543 shares traded hands during 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 Performance

The business's 50 day simple moving average is $24.85 and its two-hundred day simple moving average is $24.80.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

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

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors have recently modified their holdings of FTGC. SBI Securities Co. Ltd. bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $25,000. CX Institutional acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at about $29,000. Mechanics Financial Corp acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at about $48,000. Ameriflex Group Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at about $50,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% during the first quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock valued at $59,000 after purchasing an additional 1,058 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.