First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Shares Up 0.5% - Still a Buy?

Key Points

• FTGC shares rose 0.5% to $28.91 in Friday trading, outperforming both its 50-day moving average of $28.22 and 200-day average of $27.77. Trading volume was approximately 386,724 shares, about 50% below the average.
• The fund paid a quarterly dividend of $0.1691 per share, equivalent to an annualized payout of about $0.68 and a 2.3% yield.
• Several institutional investors increased or initiated positions in FTGC, while the actively managed ETF continues to provide broad commodity exposure primarily through futures contracts.

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) rose 0.5% on Friday . The company traded as high as $29.03 and last traded at $28.91. Approximately 386,724 shares changed hands 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 Stock Performance

The firm's 50 day simple moving average is $28.22 and its 200-day simple moving average is $27.77.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1691 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently added to or reduced their stakes in the stock. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth about $41,000. Newbridge Financial Services Group Inc. raised its holdings in shares of 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 buying an additional 1,116 shares during the period. Private Trust Co. NA lifted its position 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 worth $55,000 after acquiring an additional 881 shares in the last quarter. Advisors Preferred LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth approximately $73,000. Finally, Ameriflex Group Inc. boosted its holdings in 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 worth $73,000 after acquiring an additional 1,264 shares during the period.

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.

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