First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Trading 0.5% Higher – Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) rose 0.5% during trading on Friday . The company traded as high as $29.03 and last traded at $28.91. Approximately 386,724 shares were traded during trading, a decline of 50% from the average session volume of 769,493 shares. The stock had previously closed at $28.77.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.5%

The stock’s fifty day moving average is $28.22 and its two-hundred day moving average is $27.77.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1691 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FTGC. Elevated Capital Advisors LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $41,000. Newbridge Financial Services Group Inc. grew its stake in First Trust Global Tactical Commodity Strategy Fund by 99.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 2,233 shares of the company’s stock valued at $52,000 after purchasing an additional 1,116 shares in the last quarter. Private Trust Co. NA grew its stake in First Trust Global Tactical Commodity Strategy Fund by 59.2% during the 4th quarter. Private Trust Co. NA now owns 2,370 shares of the company’s stock valued at $55,000 after purchasing an additional 881 shares in the last quarter. Advisors Preferred LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth approximately $73,000. Finally, Ameriflex Group Inc. raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 67.6% in the 4th quarter. Ameriflex Group Inc. now owns 3,134 shares of the company’s stock valued at $73,000 after purchasing an additional 1,264 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.