First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 52-Week High – Should You Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) reached a new 52-week high during trading on Monday . The company traded as high as $29.72 and last traded at $29.7160, with a volume of 27748 shares traded. The stock had previously closed at $29.64.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.9%

The stock has a 50-day moving average of $28.04 and a 200 day moving average of $26.31.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.4093 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.5%.

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

A number of large investors have recently bought and sold shares of FTGC. Jane Street Group LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth approximately $383,000. Darwin Wealth Management LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth approximately $3,982,000. Bank of America Corp DE grew its position in First Trust Global Tactical Commodity Strategy Fund by 115.1% during the 2nd quarter. Bank of America Corp DE now owns 51,984 shares of the company’s stock worth $1,282,000 after acquiring an additional 27,813 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 211.5% during the 2nd quarter. Benjamin Edwards Inc. now owns 101,674 shares of the company’s stock worth $2,508,000 after buying an additional 69,031 shares in the last quarter. Finally, MML Investors Services LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 65.8% in the 2nd quarter. MML Investors Services LLC now owns 104,850 shares of the company’s stock valued at $2,587,000 after buying an additional 41,603 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.