First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 12-Month High – Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.98 and last traded at $29.9550, with a volume of 36674 shares changing hands. The stock had previously closed at $29.48.

First Trust Global Tactical Commodity Strategy Fund Trading Up 2.4%

The business’s 50-day moving average is $28.30 and its 200-day moving average is $26.39.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.4093 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 10.4% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 8,227 shares of the company’s stock valued at $236,000 after buying an additional 774 shares in the last quarter. MTM Investment Management LLC increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 7.6% in the first quarter. MTM Investment Management LLC now owns 36,557 shares of the company’s stock valued at $1,050,000 after buying an additional 2,569 shares in the last quarter. Assetmark Inc. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 17.1% in the first quarter. Assetmark Inc. now owns 121,220 shares of the company’s stock valued at $3,480,000 after buying an additional 17,676 shares in the last quarter. Gerald Baker Financial Group LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at $1,618,000. Finally, D.A. Davidson & CO. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 54.9% in the first quarter. D.A. Davidson & CO. now owns 184,258 shares of the company’s stock valued at $5,290,000 after buying an additional 65,342 shares in 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.