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

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high on Friday . The company traded as high as $27.65 and last traded at $27.65, with a volume of 2404 shares changing hands. The stock had previously closed at $27.04.

First Trust Global Tactical Commodity Strategy Fund Stock Up 2.5%

The firm’s 50-day moving average is $24.63 and its 200 day moving average is $25.50.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were issued a $3.6647 dividend. This represents a $14.66 annualized dividend and a dividend yield of 52.9%. This is a boost from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, December 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CENTRAL TRUST Co purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the third quarter worth $35,000. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at $48,000.

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.