First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 1-Year High – Here’s What Happened

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high on Tuesday . The stock traded as high as $29.03 and last traded at $28.93, with a volume of 1486595 shares changing hands. The stock had previously closed at $28.88.

First Trust Global Tactical Commodity Strategy Fund Trading Down 2.0%

The firm’s fifty day moving average price is $26.73 and its two-hundred day moving average price is $25.98.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.4093 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.64 annualized dividend and a dividend yield of 5.8%.

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

Several institutional investors have recently made changes to their positions in FTGC. Rockefeller Capital Management L.P. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 8.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,471 shares of the company’s stock worth $220,000 after acquiring an additional 759 shares in the last quarter. TMB Capital Partners LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth about $306,000. Axxcess Wealth Management LLC increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 68.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 464,568 shares of the company’s stock worth $10,792,000 after acquiring an additional 187,960 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 67.6% during the fourth quarter. Ameriflex Group Inc. now owns 3,134 shares of the company’s stock worth $73,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth about $203,000.

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.