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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares saw unusually-strong trading volume on Thursday . Approximately 2,463,031 shares traded hands during mid-day 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 moving average price is $25.08 and its two-hundred day moving average price 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. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1417 per share. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Thursday, March 27th.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at $1,955,000. JPMorgan Chase & Co. grew its position in First Trust Global Tactical Commodity Strategy Fund by 6,393.2% during the third quarter. JPMorgan Chase & Co. now owns 76,750 shares of the company’s stock valued at $1,818,000 after acquiring an additional 75,568 shares during the period. Private Client Services LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 6.6% during the fourth quarter. Private Client Services LLC now owns 9,535 shares of the company’s stock worth $228,000 after acquiring an additional 587 shares during the last quarter. HFG Wealth Management LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 4th quarter. HFG Wealth Management LLC now owns 512,692 shares of the company’s stock worth $12,146,000 after purchasing an additional 9,579 shares during the period. Finally, Envision Financial LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at about $805,000.

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.