First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Up 0.5% – Still a Buy?

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) rose 0.5% on Friday . The company traded as high as $29.03 and last traded at $28.91. Approximately 386,724 shares changed hands during trading, a decline of 50% from the average session volume of 769,493 shares. The stock had previously closed at $28.77.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm’s 50 day simple moving average is $28.22 and its 200-day simple moving average is $27.77.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1691 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $41,000. Newbridge Financial Services Group Inc. raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 99.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $52,000 after buying an additional 1,116 shares during the period. Private Trust Co. NA lifted its position in First Trust Global Tactical Commodity Strategy Fund by 59.2% during the 4th quarter. Private Trust Co. NA now owns 2,370 shares of the company’s stock worth $55,000 after acquiring an additional 881 shares in the last quarter. Advisors Preferred LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth approximately $73,000. Finally, Ameriflex Group Inc. boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 67.6% in the 4th quarter. Ameriflex Group Inc. now owns 3,134 shares of the company’s stock worth $73,000 after acquiring an additional 1,264 shares during the period.

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