First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Trading Up 0.6% - Here's Why

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) shot up 0.6% during trading on Thursday . The company traded as high as $24.37 and last traded at $24.36. 313,724 shares were traded during mid-day trading, a decline of 33% from the average session volume of 466,344 shares. The stock had previously closed at $24.21.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The firm's 50 day simple moving average is $24.66 and its 200-day simple moving average is $24.41.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 annualized dividend and a dividend yield of 2.31%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently modified their holdings of FTGC. SBI Securities Co. Ltd. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at about $25,000. CX Institutional bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $29,000. AlphaMark Advisors LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 627.0% in the 4th quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $32,000 after purchasing an additional 1,160 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth approximately $35,000. Finally, Blue Trust Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth $45,000.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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.