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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw unusually-strong trading volume on Tuesday . Approximately 1,179,411 shares changed hands during trading, an increase of 57% from the previous session’s volume of 750,320 shares.The stock last traded at $29.32 and had previously closed at $29.38.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.3%

The company’s fifty day simple moving average is $29.03 and its 200-day simple moving average is $26.71.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.4093 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Thursday, March 26th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the third quarter worth about $26,000. Elevated Capital Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth about $41,000. Thurston Springer Miller Herd & Titak Inc. increased its position in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock worth $42,000 after purchasing an additional 1,678 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at about $48,000. Finally, Newbridge Financial Services Group Inc. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 99.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $52,000 after acquiring an additional 1,116 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.