First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Unusually-High Trading Volume – Here’s What Happened

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares saw unusually-high trading volume on Tuesday . Approximately 1,086,490 shares changed hands during trading, an increase of 85% from the previous session’s volume of 586,961 shares.The stock last traded at $24.69 and had previously closed at $24.64.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.4 %

The stock has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $23.56.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently modified their holdings of FTGC. US Bancorp DE grew its stake in First Trust Global Tactical Commodity Strategy Fund by 84.5% in the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after acquiring an additional 512 shares during the period. AlphaMark Advisors LLC grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 627.0% in the fourth quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $32,000 after purchasing an additional 1,160 shares during the period. Geneos Wealth Management Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at $35,000. Brown Brothers Harriman & Co. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock worth $38,000 after buying an additional 1,201 shares during the period. Finally, Values First Advisors Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the third quarter worth about $46,000.

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.