First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Unusually-High Trading Volume - What's Next?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) shares saw strong trading volume on Wednesday . 691,273 shares changed hands during trading, an increase of 44% from the previous session's volume of 479,437 shares.The stock last traded at $25.79 and had previously closed at $25.89.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.2%

The company's 50 day simple moving average is $24.53 and its 200-day simple moving average is $24.62.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1417 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.18%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 6.7% in the fourth quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company's stock worth $884,176,000 after purchasing an additional 2,326,568 shares during the period. LPL Financial LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 24.9% during the first quarter. LPL Financial LLC now owns 2,861,014 shares of the company's stock valued at $73,013,000 after purchasing an additional 569,999 shares in the last quarter. Total Investment Management Inc. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.8% during the first quarter. Total Investment Management Inc. now owns 2,097,516 shares of the company's stock valued at $53,529,000 after purchasing an additional 133,986 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 34.9% during the first quarter. Raymond James Financial Inc. now owns 1,061,526 shares of the company's stock valued at $27,090,000 after purchasing an additional 274,416 shares in the last quarter. Finally, Flaharty Asset Management LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 0.4% in the first quarter. Flaharty Asset Management LLC now owns 905,877 shares of the company's stock worth $23,118,000 after acquiring an additional 3,399 shares in the last quarter.

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.

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