First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Strong Trading Volume – Time to Buy?

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw strong trading volume on Tuesday . 742,070 shares were traded during trading, an increase of 2% from the previous session’s volume of 731,089 shares.The stock last traded at $30.2650 and had previously closed at $30.19.

First Trust Global Tactical Commodity Strategy Fund Trading Down 1.1%

The stock has a 50-day simple moving average of $28.67 and a two-hundred day simple moving average of $26.50.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.4093 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.4%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $26,000. Versant Capital Management Inc purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $35,000. Elevated Capital Advisors LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after acquiring an additional 1,678 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $48,000.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.