First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Up 1.9% – Here’s Why

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares rose 1.9% on Monday . The stock traded as high as $24.11 and last traded at $24.04. Approximately 85,010 shares traded hands during trading, a decline of 83% from the average daily volume of 493,417 shares. The stock had previously closed at $23.59.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The business has a 50-day simple moving average of $23.62 and a 200-day simple moving average of $23.50.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.1846 dividend. The ex-dividend date is Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Total Investment Management Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the second quarter worth $43,857,000. Arvest Investments Inc. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 456,448.6% during the 3rd quarter. Arvest Investments Inc. now owns 337,846 shares of the company’s stock valued at $8,004,000 after acquiring an additional 337,772 shares in the last quarter. Prospera Financial Services Inc raised its position in First Trust Global Tactical Commodity Strategy Fund by 226.8% during the third quarter. Prospera Financial Services Inc now owns 287,825 shares of the company’s stock worth $6,819,000 after acquiring an additional 199,747 shares during the last quarter. Strategic Financial Concepts LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% in the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock valued at $50,000 after purchasing an additional 162,773 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,565.1% during the 3rd quarter. International Assets Investment Management LLC now owns 155,503 shares of the company’s stock worth $36,840,000 after purchasing an additional 146,164 shares during 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.