First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Up 1.9% - Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s share price shot up 1.9% on Monday . The stock traded as high as $24.11 and last traded at $24.04. 85,010 shares were traded during trading, a decline of 83% from the average session volume of 493,417 shares. The stock had previously closed at $23.59.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm has a fifty day moving average price of $23.63 and a 200 day moving average price of $23.50.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.1846 dividend. The ex-dividend date of this dividend is Tuesday, December 17th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its position in First Trust Global Tactical Commodity Strategy Fund by 84.5% in the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company's stock valued at $26,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 301.0% in the third 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 in the second quarter worth about $43,000. Values First Advisors Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $46,000. Finally, Strategic Financial Concepts LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 336.2% in the second quarter. Strategic Financial Concepts LLC now owns 211,182 shares of the company's stock valued at $50,000 after acquiring 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.