First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Large Volume Increase – Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGCGet Free Report) 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 Performance

The stock’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 company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.1417 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 2.35%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently added to or reduced their stakes in FTGC. SBI Securities Co. Ltd. purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $25,000. AlphaMark Advisors LLC lifted its position in First Trust Global Tactical Commodity Strategy Fund by 627.0% during the fourth quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $32,000 after purchasing an additional 1,160 shares during the period. Geneos Wealth Management Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $35,000. Blue Trust Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $45,000. Finally, Mechanics Financial Corp purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at $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.

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