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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.02 and last traded at $29.0410, with a volume of 176729 shares trading hands. The stock had previously closed at $28.74.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.6%

The company’s fifty day moving average is $27.55 and its 200 day moving average is $26.19.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.4093 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.64 annualized dividend and a dividend yield of 5.6%.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew 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 valued at $8,929,000 after buying an additional 332,645 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3,409.6% in the fourth quarter. Farther Finance Advisors LLC now owns 314,844 shares of the company’s stock valued at $7,314,000 after acquiring an additional 305,873 shares during the period. Carrera Capital Advisors grew its stake in First Trust Global Tactical Commodity Strategy Fund by 36.1% during the third quarter. Carrera Capital Advisors now owns 922,229 shares of the company’s stock valued at $23,886,000 after acquiring an additional 244,436 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in First Trust Global Tactical Commodity Strategy Fund by 68.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 465,969 shares of the company’s stock valued at $10,824,000 after acquiring an additional 189,361 shares in the last quarter. Finally, 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.

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.