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

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) saw strong trading volume on Tuesday . 1,086,490 shares changed hands during trading, an increase of 85% from the previous session’s volume of 586,961 shares.The stock last traded at $24.69 and had previously closed at $24.64.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.3 %

The business has a 50 day moving average of $24.12 and a 200 day moving average of $23.58.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.1846 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FTGC. Total Investment Management Inc. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 3.4% during the 3rd quarter. Total Investment Management Inc. now owns 1,897,248 shares of the company’s stock valued at $44,946,000 after acquiring an additional 63,015 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 4.0% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 850,853 shares of the company’s stock worth $20,361,000 after purchasing an additional 33,089 shares in the last quarter. Petix & Botte Co boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.8% in the 3rd quarter. Petix & Botte Co now owns 730,661 shares of the company’s stock worth $17,309,000 after purchasing an additional 26,968 shares in the last quarter. Magnus Financial Group LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 5.8% in the 3rd quarter. Magnus Financial Group LLC now owns 584,981 shares of the company’s stock worth $13,858,000 after buying an additional 31,863 shares during the last quarter. Finally, HFG Wealth Management LLC increased its position in First Trust Global Tactical Commodity Strategy Fund by 1.9% during the 4th quarter. HFG Wealth Management LLC now owns 512,692 shares of the company’s stock valued at $12,146,000 after buying an additional 9,579 shares in the last quarter.

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.