First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 52-Week High – Here’s Why

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $37.50 and last traded at $37.50, with a volume of 915 shares traded. The stock had previously closed at $30.40.

First Trust Global Tactical Commodity Strategy Fund Trading Up 0.6%

The firm’s 50 day simple moving average is $28.45 and its two-hundred day simple moving average is $28.09.

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First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1691 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTGC. Royal Bank of Canada lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 10.4% in the first quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock worth $45,003,000 after acquiring an additional 148,098 shares during the last quarter. UBS Group AG grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% during the fourth quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock valued at $31,902,000 after purchasing an additional 23,761 shares during the last quarter. Carrera Capital Advisors raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 16.1% during the 4th quarter. Carrera Capital Advisors now owns 1,071,159 shares of the company’s stock worth $24,883,000 after purchasing an additional 148,930 shares during the period. Csenge Advisory Group raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 9.6% during the 4th quarter. Csenge Advisory Group now owns 869,681 shares of the company’s stock worth $20,203,000 after purchasing an additional 76,281 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.4% during the 3rd quarter. Raymond James Financial Inc. now owns 772,753 shares of the company’s stock worth $20,014,000 after purchasing an additional 39,469 shares during the period.

First Trust Global Tactical Commodity Strategy Fund Company Profile

(Get Free Report)

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.

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