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 an uptick in trading volume on Thursday . 2,463,031 shares traded hands during trading, an increase of 322% from the previous session’s volume of 583,737 shares.The stock last traded at $23.71 and had previously closed at $23.92.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.9 %

The firm’s 50 day simple moving average is $25.03 and its 200 day simple moving average is $24.32.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1417 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.57 annualized dividend and a yield of 2.35%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FTGC. Wells Fargo & Company MN increased its position in First Trust Global Tactical Commodity Strategy Fund by 6.7% during the fourth quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company’s stock valued at $884,176,000 after acquiring an additional 2,326,568 shares during the last quarter. Total Investment Management Inc. grew its holdings in First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 4th quarter. Total Investment Management Inc. now owns 1,963,530 shares of the company’s stock valued at $46,987,000 after purchasing an additional 66,282 shares during the last quarter. Cyndeo Wealth Partners LLC raised its position in First Trust Global Tactical Commodity Strategy Fund by 4.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 850,853 shares of the company’s stock worth $20,361,000 after purchasing an additional 33,089 shares during the period. Raymond James Financial Inc. bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $18,836,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 757,528 shares of the company’s stock valued at $18,128,000 after buying an additional 25,009 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.