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) saw unusually-high trading volume on Tuesday . Approximately 1,179,411 shares changed hands during mid-day 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 Stock Performance

The business’s 50 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 company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.4093 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.6%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 0.4% during the third quarter. HighTower Advisors LLC now owns 99,294 shares of the company’s stock worth $2,572,000 after purchasing an additional 382 shares during the period. Northwest Wealth Management LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.1% in the 4th quarter. Northwest Wealth Management LLC now owns 9,272 shares of the company’s stock valued at $215,000 after acquiring an additional 533 shares during the period. Kovack Advisors Inc. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.1% in the 4th quarter. Kovack Advisors Inc. now owns 20,043 shares of the company’s stock valued at $466,000 after acquiring an additional 612 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% in the 4th quarter. Orion Porfolio Solutions LLC now owns 80,163 shares of the company’s stock valued at $1,862,000 after acquiring an additional 645 shares during the period. Finally, MTM Investment Management LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2.2% in the 3rd quarter. MTM Investment Management LLC now owns 31,304 shares of the company’s stock valued at $811,000 after acquiring an additional 659 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.