First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 1-Year High – Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price hit a new 52-week high on Friday . The company traded as high as $27.65 and last traded at $27.65, with a volume of 2404 shares traded. The stock had previously closed at $27.04.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The firm’s 50-day moving average price is $24.72 and its 200-day moving average price is $25.52.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $3.6647 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 dividend on an annualized basis and a dividend yield of 52.4%.

Institutional Investors Weigh In On First Trust Global Tactical Commodity Strategy Fund

Several large investors have recently bought and sold shares of the business. Global Assets Advisory LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at approximately $1,004,000. Quantum Portfolio Management LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at approximately $357,000. Versant Capital Management Inc purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the third quarter worth approximately $35,000. Walkner Condon Financial Advisors LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 25.2% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 105,645 shares of the company’s stock worth $2,736,000 after purchasing an additional 21,244 shares during the period. Finally, Csenge Advisory Group grew its position in First Trust Global Tactical Commodity Strategy Fund by 18.4% in the 3rd quarter. Csenge Advisory Group now owns 793,400 shares of the company’s stock worth $20,549,000 after purchasing an additional 123,344 shares during the period.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.