First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Trading 0.8% Higher - Should You Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s share price traded up 0.8% during mid-day trading on Thursday . The company traded as high as $24.86 and last traded at $24.72. 246,372 shares traded hands during trading, a decline of 48% from the average session volume of 473,271 shares. The stock had previously closed at $24.52.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.8%

The business has a 50-day moving average price of $24.37 and a 200-day moving average price of $24.53.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1417 per share. This represents a $0.57 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTGC. Wells Fargo & Company MN increased its position in First Trust Global Tactical Commodity Strategy Fund by 6.7% in the 4th 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 last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $18,836,000. LPL Financial LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 24.9% during the 1st quarter. LPL Financial LLC now owns 2,861,014 shares of the company's stock worth $73,013,000 after acquiring an additional 569,999 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of 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 worth $14,139,000 after acquiring an additional 548,323 shares in the last quarter. Finally, Carrera Capital Advisors boosted its stake in shares of 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 worth $12,679,000 after acquiring an additional 326,799 shares in the last quarter.

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.

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