First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 12-Month High – Here’s What Happened

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price hit a new 52-week high on Thursday . The company traded as high as $30.71 and last traded at $30.6150, with a volume of 258505 shares traded. The stock had previously closed at $30.36.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm’s 50-day simple moving average is $28.78 and its 200 day simple moving average is $28.31.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1691 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 25th.

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

Hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the second quarter worth $35,000. Advisors Preferred LLC acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the 1st quarter valued at approximately $73,000. Ameriflex Group Inc. lifted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 67.6% during the fourth quarter. Ameriflex Group Inc. now owns 3,134 shares of the company’s stock worth $73,000 after purchasing an additional 1,264 shares during the period. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at $101,000. Finally, Geneos Wealth Management Inc. lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 202.5% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,296 shares of the company’s stock worth $106,000 after buying an additional 2,876 shares during the period.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.