First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 1-Year High – Should You Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $29.03 and last traded at $28.93, with a volume of 1486595 shares traded. The stock had previously closed at $28.88.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.2%

The company’s fifty day moving average price is $26.62 and its 200 day moving average price is $25.95.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.4093 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Gladstone Institutional Advisory LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 1.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 243,859 shares of the company’s stock valued at $6,316,000 after acquiring an additional 3,281 shares during the last quarter. Synergy Asset Management LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $219,000. Sowell Financial Services LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 15.2% in the third quarter. Sowell Financial Services LLC now owns 15,254 shares of the company’s stock valued at $395,000 after acquiring an additional 2,014 shares during the last quarter. Randall & Associates Wealth Management increased its stake in First Trust Global Tactical Commodity Strategy Fund by 10.2% in the third quarter. Randall & Associates Wealth Management now owns 92,916 shares of the company’s stock valued at $2,407,000 after acquiring an additional 8,617 shares during the last quarter. Finally, Osaic Holdings Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 2.6% in the second quarter. Osaic Holdings Inc. now owns 320,815 shares of the company’s stock valued at $7,917,000 after acquiring an additional 8,180 shares during the last quarter.

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.