First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Strong Trading Volume – Should You Buy?
by Mitch Edgeman · The Markets DailyShares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report) saw strong trading volume on Tuesday . 1,166,852 shares were traded during trading, an increase of 111% from the previous session’s volume of 552,041 shares.The stock last traded at $23.5840 and had previously closed at $23.33.
First Trust Global Tactical Commodity Strategy Fund Price Performance
The business’s fifty day simple moving average is $25.95 and its 200-day simple moving average is $25.64.
First Trust Global Tactical Commodity Strategy Fund Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a $3.6647 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 annualized dividend and a dividend yield of 63.1%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FTGC. Baird Financial Group Inc. lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 74.6% in the 1st quarter. Baird Financial Group Inc. now owns 73,054 shares of the company’s stock worth $1,864,000 after buying an additional 31,207 shares during the period. Raab & Moskowitz Asset Management LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.7% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 58,154 shares of the company’s stock valued at $1,484,000 after acquiring an additional 967 shares in the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 28.5% in the first quarter. Ashton Thomas Private Wealth LLC now owns 23,782 shares of the company’s stock worth $607,000 after acquiring an additional 5,268 shares during the period. Coppell Advisory Solutions LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter worth $1,264,000. Finally, Jane Street Group LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at $383,000.
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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.