First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Down 1.4%

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price fell 1.4% on Wednesday . The stock traded as low as $23.59 and last traded at $23.64. 335,408 shares traded hands during trading, a decline of 51% from the average session volume of 683,223 shares. The stock had previously closed at $23.97.

First Trust Global Tactical Commodity Strategy Fund Stock Down 1.4 %

The firm’s fifty day moving average is $23.80 and its 200 day moving average is $23.32.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.164 dividend. This represents a $0.66 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, March 21st.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 54,668.2% during the fourth quarter. First Trust Advisors LP now owns 5,143,286 shares of the company’s stock worth $115,415,000 after buying an additional 5,133,895 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 4.2% during the third quarter. Miracle Mile Advisors LLC now owns 1,825,247 shares of the company’s stock worth $43,806,000 after buying an additional 73,010 shares in the last quarter. Magnus Financial Group LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 0.3% during the fourth quarter. Magnus Financial Group LLC now owns 1,024,024 shares of the company’s stock worth $22,979,000 after buying an additional 3,472 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 20.0% during the third quarter. Envestnet Asset Management Inc. now owns 958,942 shares of the company’s stock worth $23,015,000 after buying an additional 159,774 shares in the last quarter. Finally, Flaharty Asset Management LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2.4% during the fourth quarter. Flaharty Asset Management LLC now owns 737,270 shares of the company’s stock worth $16,544,000 after buying an additional 17,282 shares in 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.