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

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 Price Performance

The firm has a fifty day moving average of $24.06 and a 200-day moving average of $23.56.

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 paid 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

Several hedge funds and other institutional investors have recently bought and sold shares of FTGC. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 358,271 shares of the company’s stock valued at $8,566,000 after purchasing an additional 16,178 shares during the period. HFG Wealth Management LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 6.8% during the 2nd quarter. HFG Wealth Management LLC now owns 503,113 shares of the company’s stock worth $12,029,000 after buying an additional 32,228 shares during the period. Sanctuary Advisors LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the 2nd quarter worth $2,643,000. Bridge Advisory LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 0.6% in the 3rd quarter. Bridge Advisory LLC now owns 95,496 shares of the company’s stock valued at $2,262,000 after buying an additional 527 shares during the last quarter. Finally, Park National Corp OH acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at about $236,000.

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.