First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 52-Week Low – Time to Sell?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.75 and last traded at $22.7550, with a volume of 436265 shares. The stock had previously closed at $26.63.

First Trust Global Tactical Commodity Strategy Fund Trading Down 14.6%

The company has a 50-day moving average of $26.62 and a two-hundred day moving average of $25.78.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $3.6647 per share. This represents a $14.66 dividend on an annualized basis and a dividend yield of 64.5%. The ex-dividend date of this dividend is Tuesday, December 16th. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTGC. UBS Group AG lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 9.5% during the third quarter. UBS Group AG now owns 1,349,557 shares of the company’s stock valued at $34,954,000 after purchasing an additional 117,092 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 34.9% in the first quarter. Raymond James Financial Inc. now owns 1,061,526 shares of the company’s stock worth $27,090,000 after purchasing an additional 274,416 shares in the last quarter. Flaharty Asset Management LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.2% during the 3rd quarter. Flaharty Asset Management LLC now owns 978,681 shares of the company’s stock valued at $25,349,000 after purchasing an additional 48,812 shares during the period. NewEdge Advisors LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.9% during the 2nd quarter. NewEdge Advisors LLC now owns 975,708 shares of the company’s stock valued at $24,071,000 after purchasing an additional 54,315 shares during the period. Finally, Carrera Capital Advisors lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 36.1% during the 3rd quarter. Carrera Capital Advisors now owns 922,229 shares of the company’s stock valued at $23,886,000 after buying an additional 244,436 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.