First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Strong Trading Volume - Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) shares saw an uptick in trading volume on Tuesday . 1,086,490 shares were traded during mid-day 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 Trading Down 0.2 %

The stock has a fifty day moving average price of $24.14 and a 200-day moving average price of $23.59.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, December 17th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Bancorp DE raised its position in First Trust Global Tactical Commodity Strategy Fund by 84.5% in the third quarter. US Bancorp DE now owns 1,118 shares of the company's stock valued at $26,000 after purchasing an additional 512 shares during the period. AlphaMark Advisors LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 627.0% in the fourth quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company's stock valued at $32,000 after buying an additional 1,160 shares in the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at about $35,000. Brown Brothers Harriman & Co. lifted its position 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 worth $38,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth approximately $45,000.

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.