First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 1-Year Low at $21.90

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Rating) shares hit a new 52-week low on Monday . The stock traded as low as $21.90 and last traded at $22.78, with a volume of 63203 shares traded. The stock had previously closed at $22.54.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The firm’s 50-day moving average price is $23.43 and its two-hundred day moving average price is $23.55.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were given a $0.16 dividend. The ex-dividend date was Friday, March 24th. This represents a $0.64 annualized dividend and a dividend yield of 2.84%.

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

Several hedge funds have recently modified their holdings of FTGC. First Trust Advisors LP purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 1st quarter worth approximately $135,960,000. Royal Bank of Canada lifted its position in First Trust Global Tactical Commodity Strategy Fund by 65.4% during the first quarter. Royal Bank of Canada now owns 4,695,886 shares of the company’s stock valued at $133,504,000 after acquiring an additional 1,856,281 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $16,165,000. Flaharty Asset Management LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 517.9% during the fourth quarter. Flaharty Asset Management LLC now owns 603,394 shares of the company’s stock valued at $14,777,000 after acquiring an additional 505,734 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at approximately $11,864,000.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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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.