First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Gap Down – Should You Sell?

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) gapped down before the market opened on Tuesday . The stock had previously closed at $23.92, but opened at $23.32. First Trust Global Tactical Commodity Strategy Fund shares last traded at $23.44, with a volume of 72,256 shares traded.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.7 %

The company has a 50 day moving average of $23.63 and a two-hundred day moving average of $23.52.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. LPL Financial LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2.9% during the second quarter. LPL Financial LLC now owns 3,176,763 shares of the company’s stock worth $75,956,000 after buying an additional 90,101 shares in the last quarter. Total Investment Management Inc. boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 3.4% during the third quarter. Total Investment Management Inc. now owns 1,897,248 shares of the company’s stock worth $44,946,000 after buying an additional 63,015 shares during the last quarter. Cyndeo Wealth Partners LLC increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 11.6% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 817,764 shares of the company’s stock worth $19,373,000 after acquiring an additional 85,026 shares during the last quarter. Petix & Botte Co raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.8% during the 3rd quarter. Petix & Botte Co now owns 730,661 shares of the company’s stock worth $17,309,000 after acquiring an additional 26,968 shares during the period. Finally, Magnus Financial Group LLC boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 5.8% in the 3rd quarter. Magnus Financial Group LLC now owns 584,981 shares of the company’s stock valued at $13,858,000 after purchasing an additional 31,863 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.