First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Stock Price Up 0.1% – Should You Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $23.76 and last traded at $23.72. 310,710 shares traded hands during trading, a decline of 39% from the average session volume of 507,116 shares. The stock had previously closed at $23.69.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The stock has a 50 day simple moving average of $23.60 and a two-hundred day simple moving average of $23.60.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1867 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.13%. The ex-dividend date was Thursday, September 26th.

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

Several institutional investors have recently modified their holdings of FTGC. US Bancorp DE raised its stake in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after acquiring an additional 1,201 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth approximately $43,000. Values First Advisors Inc. acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth approximately $46,000. Finally, Strategic Financial Concepts LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 336.2% in the 2nd quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company’s stock valued at $50,000 after purchasing an additional 162,773 shares during 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.