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:FTGCGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,112,994 shares were traded during trading, an increase of 54% from the previous session’s volume of 724,957 shares.The stock last traded at $28.7040 and had previously closed at $28.61.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.5%

The stock has a 50-day simple moving average of $27.15 and a two-hundred day simple moving average of $26.09.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FTGC. CENTRAL TRUST Co bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $26,000. Versant Capital Management Inc bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $35,000. Elevated Capital Advisors LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. raised its position 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 worth $42,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $48,000.

First Trust Global Tactical Commodity Strategy Fund Company Profile

(Get Free Report)

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.

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