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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares saw unusually-strong trading volume on Tuesday . Approximately 1,179,411 shares were traded 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 Down 0.8%

The firm’s fifty day simple moving average is $29.02 and its 200 day simple moving average is $26.68.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Western Wealth Management LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 70,567 shares of the company’s stock valued at $2,026,000 after buying an additional 1,068 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 7.9% in the 1st quarter. Bank of America Corp DE now owns 71,708 shares of the company’s stock valued at $2,059,000 after buying an additional 5,249 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 16.8% in the 1st quarter. Centaurus Financial Inc. now owns 12,013 shares of the company’s stock valued at $345,000 after buying an additional 1,728 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 272.2% in the 1st quarter. Sunbelt Securities Inc. now owns 10,078 shares of the company’s stock valued at $289,000 after buying an additional 7,370 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% in the 1st quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock valued at $45,003,000 after buying an additional 148,098 shares in the last quarter.

First Trust Global Tactical Commodity Strategy Fund Company Profile

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.