First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 1-Year High – What’s Next?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $28.96 and last traded at $28.9410, with a volume of 972466 shares changing hands. The stock had previously closed at $28.25.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The stock’s fifty day moving average price is $25.21 and its two-hundred day moving average price is $25.63.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $3.6647 dividend. This represents a $14.66 annualized dividend and a yield of 50.8%. 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 Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors have recently bought and sold shares of the business. TMB Capital Partners LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $306,000. Axxcess Wealth Management LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 68.0% during the 4th quarter. Axxcess Wealth Management LLC now owns 464,568 shares of the company’s stock worth $10,792,000 after acquiring an additional 187,960 shares in the last quarter. Ameriflex Group Inc. raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 67.6% during the 4th quarter. Ameriflex Group Inc. now owns 3,134 shares of the company’s stock worth $73,000 after acquiring an additional 1,264 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth approximately $203,000. Finally, Beacon Pointe Advisors LLC lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 11.8% during the fourth quarter. Beacon Pointe Advisors LLC now owns 103,664 shares of the company’s stock worth $2,408,000 after purchasing an additional 10,910 shares during 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.