First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 52-Week High – Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $24.99 and last traded at $24.98, with a volume of 12381 shares changing hands. The stock had previously closed at $24.80.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The company has a 50-day simple moving average of $23.78 and a 200 day simple moving average of $23.50.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

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

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

Large investors have recently modified their holdings of the business. Total Investment Management Inc. lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 3.4% during the third quarter. Total Investment Management Inc. now owns 1,897,248 shares of the company’s stock worth $44,946,000 after purchasing an additional 63,015 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 11.6% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 817,764 shares of the company’s stock valued at $19,373,000 after purchasing an additional 85,026 shares in the last quarter. Petix & Botte Co lifted its position in First Trust Global Tactical Commodity Strategy Fund by 3.8% during the 3rd quarter. Petix & Botte Co now owns 730,661 shares of the company’s stock worth $17,309,000 after acquiring an additional 26,968 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 5.8% in the 3rd quarter. Magnus Financial Group LLC now owns 584,981 shares of the company’s stock valued at $13,858,000 after purchasing an additional 31,863 shares in the last quarter. Finally, HFG Wealth Management LLC increased its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the 4th quarter. HFG Wealth Management LLC now owns 512,692 shares of the company’s stock valued at $12,146,000 after acquiring an additional 9,579 shares during the last quarter.

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.