First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Trading 0.5% Higher - Time to Buy?

Key Points

• The share price of First Trust Global Tactical Commodity Strategy Fund (FTGC) rose by 0.5% to $25.84, with trading volume declining by 34% compared to its average.
• FTGC announced a quarterly dividend increase to $0.1509, resulting in an annualized yield of 2.3%, up from the previous dividend of $0.14.
• Institutional investors have actively adjusted their holdings, with notable increases from firms like Creative Financial Designs Inc. ADV and AdvisorNet Financial Inc., reflecting growing interest in the fund.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - )'s share price rose 0.5% during trading on Tuesday . The stock traded as high as $25.92 and last traded at $25.84. Approximately 376,049 shares were traded during trading, a decline of 34% from the average daily volume of 573,830 shares. The stock had previously closed at $25.70.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.5%

The firm has a 50-day moving average price of $25.34 and a 200 day moving average price of $24.97.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.1509 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter worth $27,000. CX Institutional purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at about $29,000. Creative Financial Designs Inc. ADV lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company's stock valued at $30,000 after acquiring an additional 1,137 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $50,000. Finally, AdvisorNet Financial Inc lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% in the first quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after buying an additional 1,058 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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