First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Down 0.8% - What's Next?

Key Points

• The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) experienced a trading decline of 0.8%, closing at $24.70 with a significant drop in trading volume.
• The fund recently increased its dividend to $0.1509 per share, resulting in an annualized yield of 2.4%, up from the previous dividend of $0.14.
• Institutional investors have shown strong interest, with notable increases in holdings, including a 329.8% boost from Renaissance Technologies LLC during the fourth quarter.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s stock price dropped 0.8% during trading on Friday . The company traded as low as $24.64 and last traded at $24.70. Approximately 299,482 shares were traded during trading, a decline of 50% from the average daily volume of 594,175 shares. The stock had previously closed at $24.89.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The stock has a 50-day moving average price of $25.11 and a 200 day moving average price of $24.92.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a $0.1509 dividend. This represents a $0.60 annualized dividend and a yield of 2.4%. The ex-dividend date was Thursday, June 26th. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

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

Institutional investors have recently bought and sold shares of the company. Crewe Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth about $27,000. CX Institutional acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the 1st quarter worth about $29,000. Creative Financial Designs Inc. ADV boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company's stock worth $30,000 after buying an additional 1,137 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth about $50,000. Finally, AdvisorNet Financial Inc boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 83.4% in the 1st quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after buying an additional 1,058 shares during 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.