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 on Monday . The company traded as high as $29.98 and last traded at $29.9550, with a volume of 36674 shares traded. The stock had previously closed at $29.48.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The business has a 50 day moving average price of $28.58 and a two-hundred day moving average price of $26.47.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.4093 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.4%.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

Hedge funds have recently made changes to their positions in the business. Toth Financial Advisory Corp bought a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $222,000. Petros Family Wealth LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $222,000. Capital Asset Advisory Services LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 13.2% during the fourth quarter. Capital Asset Advisory Services LLC now owns 312,989 shares of the company’s stock valued at $7,433,000 after buying an additional 36,381 shares during the last quarter. Choice Wealth Advisors LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 2.3% during the fourth quarter. Choice Wealth Advisors LLC now owns 296,080 shares of the company’s stock valued at $6,878,000 after buying an additional 6,742 shares during the last quarter. Finally, TrueWealth Advisors LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $353,000.

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.