First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Stock Price Up 0.2% - Here's Why

Key Points

• First Trust Global Tactical Commodity Strategy Fund's stock price increased by 0.2%, with trading volumes up 20% from the average.
• The fund announced a quarterly dividend of $0.1641 per share, representing an annualized yield of 2.5%, an increase from the previous $0.15 dividend.
• Several institutional investors have recently altered their holdings in the fund, with CW Advisors LLC acquiring a stake worth approximately $19.9 million in the second quarter.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) shares rose 0.2% on Thursday . The company traded as high as $26.16 and last traded at $25.98. Approximately 696,698 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 581,073 shares. The stock had previously closed at $25.94.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.2%

The business has a fifty day moving average of $25.61 and a two-hundred day moving average of $25.06.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.1641 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.15.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors and hedge funds have recently modified their holdings of FTGC. CW Advisors LLC acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth approximately $19,922,000. LPL Financial LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 24.9% in the 1st quarter. LPL Financial LLC now owns 2,861,014 shares of the company's stock valued at $73,013,000 after buying an additional 569,999 shares in the last quarter. IFP Advisors Inc grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 9,621.4% during the 1st quarter. IFP Advisors Inc now owns 554,022 shares of the company's stock valued at $14,139,000 after buying an additional 548,323 shares during the last quarter. Carrera Capital Advisors grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 192.2% during the 1st quarter. Carrera Capital Advisors now owns 496,844 shares of the company's stock valued at $12,679,000 after buying an additional 326,799 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at $7,390,000.

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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