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

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw unusually-strong trading volume on Tuesday . Approximately 742,070 shares traded hands 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 Up 0.3%

The company has a fifty day moving average price of $28.48 and a 200-day moving average price of $26.44.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.4093 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.64 annualized dividend and a yield of 5.4%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 1.8% during the fourth quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock worth $31,902,000 after buying an additional 23,761 shares during the period. Carrera Capital Advisors lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 16.1% during the fourth quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock worth $24,883,000 after purchasing an additional 148,930 shares during the last quarter. Flaharty Asset Management LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 5.2% in the 3rd quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock valued at $25,349,000 after buying an additional 48,812 shares during the period. Cyndeo Wealth Partners LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 4.5% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 944,969 shares of the company’s stock valued at $21,952,000 after purchasing an additional 41,105 shares during the period. Finally, Csenge Advisory Group grew its position in shares of First Trust Global Tactical Commodity Strategy Fund by 9.6% during the 4th quarter. Csenge Advisory Group now owns 869,681 shares of the company’s stock worth $20,203,000 after buying an additional 76,281 shares in 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.