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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.44 and last traded at $25.47, with a volume of 27787 shares changing hands. The stock had previously closed at $25.23.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.2 %

The firm’s 50-day moving average is $24.33 and its 200 day moving average is $23.67.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.1846 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several institutional investors have recently modified their holdings of the business. Modern Wealth Management LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 44.8% in the fourth quarter. Modern Wealth Management LLC now owns 20,367 shares of the company’s stock worth $520,000 after purchasing an additional 6,299 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter worth approximately $330,000. Axxcess Wealth Management LLC lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 14.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 230,234 shares of the company’s stock valued at $5,509,000 after purchasing an additional 28,621 shares in the last quarter. IMG Wealth Management Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter valued at $75,000. Finally, Northwest Wealth Management LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 7.1% during the fourth quarter. Northwest Wealth Management LLC now owns 11,470 shares of the company’s stock valued at $274,000 after purchasing an additional 765 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.