First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 1-Year High – Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) reached a new 52-week high during trading on Tuesday . The company traded as high as $25.25 and last traded at $25.14, with a volume of 89326 shares changing hands. The stock had previously closed at $25.07.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The business’s fifty day moving average is $24.17 and its two-hundred day moving average is $23.60.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth about $674,000. Mainsail Financial Group LLC boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 6.4% during the third quarter. Mainsail Financial Group LLC now owns 351,876 shares of the company’s stock valued at $8,336,000 after buying an additional 21,255 shares during the period. Cyndeo Wealth Partners LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 11.6% during the third quarter. Cyndeo Wealth Partners LLC now owns 817,764 shares of the company’s stock valued at $19,373,000 after buying an additional 85,026 shares during the last quarter. Petix & Botte Co raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 3.8% in the third quarter. Petix & Botte Co now owns 730,661 shares of the company’s stock worth $17,309,000 after buying an additional 26,968 shares during the period. Finally, Good Life Advisors LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 8.6% in the 3rd quarter. Good Life Advisors LLC now owns 81,163 shares of the company’s stock valued at $1,923,000 after acquiring an additional 6,459 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.