First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Trading 0.3% Higher - Here's Why

Key Points

• Shares of First Trust Global Tactical Commodity Strategy Fund (FTGC) increased by 0.3%, trading at $25.40 after closing at $25.33, with a trading volume of approximately 571,592 shares.
• The fund recently increased its quarterly dividend to $0.1509 from the previous $0.14, resulting in an annualized dividend of $0.60 and a dividend yield of 2.4%.
• Institutional investors have been actively adjusting their positions in FTGC, with some firms significantly increasing their stakes during the most recent quarters.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s share price traded up 0.3% during mid-day trading on Monday . The company traded as high as $25.52 and last traded at $25.40. 571,592 shares were traded during mid-day trading, a decline of 5% from the average session volume of 600,222 shares. The stock had previously closed at $25.33.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.5%

The business's fifty day moving average price is $25.12 and its 200 day moving average price is $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 dividend of $0.1509 per share. This is a positive change from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter valued at approximately $27,000. CX Institutional bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $29,000. Creative Financial Designs Inc. ADV lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during 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 period. Ameriflex Group Inc. bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at about $50,000. Finally, AdvisorNet Financial Inc raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% during the first quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after acquiring 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.