First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sees Unusually-High Trading Volume - Here's What Happened

The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) experienced a significant rise in trading volume on Tuesday. Around 1,086,490 shares changed hands, which is an increase of 85% compared to the previous day’s volume of 586,961 shares. The stock was last traded at $24.69, showing a slight increase from its previous close of $24.64.

Recent Stock Performance

FTGC saw a modest price increase, moving up 0.4%. The stock's 50-day simple moving average stands at $24.06, while the 200-day simple moving average is at $23.56, indicating a generally favorable trend in its price over the longer term.

Dividend Information

The fund also made headlines recently with a dividend announcement. A dividend of $0.1846 was paid out on December 31st to shareholders who were on record as of December 17th. The ex-dividend date aligned with the record date, also set for December 17th, meaning that any shares purchased after that date would not qualify for the dividend.

Institutional Investor Activity

In recent weeks, multiple institutional investors have been adjusting their positions in the First Trust Global Tactical Commodity Strategy Fund. For instance, US Bancorp DE significantly increased its stake by 84.5% during the third quarter, now owning 1,118 shares valued at approximately $26,000 after adding 512 shares. Similarly, AlphaMark Advisors LLC expanded its investment by an impressive 627.0% in the fourth quarter, bringing its total to 1,345 shares worth $32,000 after an additional purchase of 1,160 shares. Other notable mentions include Geneos Wealth Management Inc. acquiring a new stake valued at $35,000, and Brown Brothers Harriman & Co. boosting its holdings by 301.0%, now owning about 1,600 shares worth $38,000.

About the Fund

The First Trust Global Tactical Commodity Strategy Fund (FTGC) is an actively managed exchange-traded fund (ETF) that offers broad exposure to commodities via futures contracts. This open-ended fund is structured under the 1940 Act and aims to provide investors with opportunities in the commodity markets.

Market Insights

As of now, the fund holds a 'Hold' rating among analysts, suggesting that it may be a stable investment. However, reviews highlight that there are other stocks considered better buys at this time. Investors looking to make informed decisions should consider both the performance of FTGC and the advice of market analysts before progressing.

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