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) hit a new 52-week high on Thursday . The company traded as high as $28.96 and last traded at $28.9410, with a volume of 972466 shares changing hands. The stock had previously closed at $28.25.

First Trust Global Tactical Commodity Strategy Fund Trading Up 2.4%

The company has a fifty day moving average of $24.99 and a 200 day moving average of $25.58.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a dividend of $3.6647 per share. This is a positive change from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. This represents a $14.66 dividend on an annualized basis and a dividend yield of 50.7%. The ex-dividend date was Tuesday, December 16th.

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

Institutional investors have recently bought and sold shares of the business. CW Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter valued at about $19,922,000. IFP Advisors Inc lifted its position in First Trust Global Tactical Commodity Strategy Fund by 2,744.4% in the 3rd quarter. IFP Advisors Inc now owns 344,766 shares of the company’s stock worth $8,929,000 after buying an additional 332,645 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3,409.6% during the 4th 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 in the last quarter. Flow Traders U.S. LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the second quarter worth approximately $6,692,000. Finally, Quadrature Capital Ltd bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at approximately $6,371,000.

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.