First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 12-Month High – Should You Buy?

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high on Thursday . The company traded as high as $26.70 and last traded at $26.73, with a volume of 18219 shares trading hands. The stock had previously closed at $26.28.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The business has a 50-day moving average of $25.78 and a two-hundred day moving average of $25.13.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.1641 per share. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a yield of 2.5%.

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

A number of institutional investors have recently added to or reduced their stakes in FTGC. CW Advisors LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the second quarter valued at about $19,922,000. LPL Financial LLC boosted its position in First Trust Global Tactical Commodity Strategy Fund by 24.9% during the first quarter. LPL Financial LLC now owns 2,861,014 shares of the company’s stock valued at $73,013,000 after purchasing an additional 569,999 shares in the last quarter. IFP Advisors Inc boosted its position in First Trust Global Tactical Commodity Strategy Fund by 9,621.4% during the first quarter. IFP Advisors Inc now owns 554,022 shares of the company’s stock valued at $14,139,000 after purchasing an additional 548,323 shares in the last quarter. Carrera Capital Advisors boosted its position in First Trust Global Tactical Commodity Strategy Fund by 192.2% during the first quarter. Carrera Capital Advisors now owns 496,844 shares of the company’s stock valued at $12,679,000 after purchasing an additional 326,799 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund during the second quarter valued at about $7,390,000.

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.