First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 12-Month High – Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $27.49 and last traded at $27.5040, with a volume of 18484 shares traded. The stock had previously closed at $27.22.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The company’s 50-day moving average price is $26.47 and its 200-day moving average price is $25.63.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.1641 per share. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Thursday, September 25th. This represents a $0.66 dividend on an annualized basis and a yield of 2.4%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of large investors have recently modified their holdings of FTGC. Elevation Point Wealth Partners LLC purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth about $2,161,000. IFP Advisors Inc lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 2,744.4% during the 3rd quarter. IFP Advisors Inc now owns 344,766 shares of the company’s stock worth $8,929,000 after buying an additional 332,645 shares during the last quarter. Harvest Investment Services LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth about $576,000. Kestra Private Wealth Services LLC boosted its holdings in First Trust Global Tactical Commodity Strategy Fund by 7.2% in the third quarter. Kestra Private Wealth Services LLC now owns 69,481 shares of the company’s stock valued at $1,800,000 after purchasing an additional 4,644 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 7.7% in the 3rd quarter. Bank of America Corp DE now owns 55,978 shares of the company’s stock valued at $1,450,000 after buying an additional 3,994 shares in 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.