First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 1-Year High – Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price reached a new 52-week high on Monday . The stock traded as high as $25.44 and last traded at $25.47, with a volume of 27787 shares trading hands. The stock had previously closed at $25.23.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.2 %

The business has a fifty day moving average of $24.29 and a 200-day moving average of $23.65.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $18,836,000. Financial Enhancement Group LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3,947.8% during the fourth quarter. Financial Enhancement Group LLC now owns 369,604 shares of the company’s stock valued at $9,181,000 after purchasing an additional 360,473 shares in the last quarter. Arvest Investments Inc. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 456,448.6% during the third quarter. Arvest Investments Inc. now owns 337,846 shares of the company’s stock valued at $8,004,000 after buying an additional 337,772 shares during the period. Fortress Wealth Management Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $7,191,000. Finally, Strategic Financial Concepts LLC raised its stake in First Trust Global Tactical Commodity Strategy Fund by 2,537.1% in the fourth quarter. Strategic Financial Concepts LLC now owns 233,011 shares of the company’s stock worth $5,576,000 after buying an additional 224,175 shares in the last quarter.

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.