First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 12-Month High – What’s Next?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $29.26 and last traded at $29.17, with a volume of 631799 shares traded. The stock had previously closed at $29.07.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The stock’s 50 day moving average price is $27.94 and its two-hundred day moving average price is $26.28.

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 paid a dividend of $0.4093 per share. 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 5.5%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stephens Inc. AR acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 1st quarter worth $841,000. Walkner Condon Financial Advisors LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 17.9% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 167,778 shares of the company’s stock worth $4,817,000 after purchasing an additional 25,461 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 8.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 40,427 shares of the company’s stock worth $1,161,000 after purchasing an additional 3,014 shares during the period. Capital Financial Group Inc. Co. ADV grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 41.5% during the 1st quarter. Capital Financial Group Inc. Co. ADV now owns 30,265 shares of the company’s stock worth $869,000 after purchasing an additional 8,881 shares during the period. Finally, Capital Asset Advisory Services LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 10.4% during the 1st quarter. Capital Asset Advisory Services LLC now owns 345,477 shares of the company’s stock worth $9,844,000 after purchasing an additional 32,488 shares during the period.

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.