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

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $30.71 and last traded at $30.6150, with a volume of 258505 shares trading hands. The stock had previously closed at $30.36.

First Trust Global Tactical Commodity Strategy Fund Stock Up 0.9%

The stock’s fifty day moving average price is $28.66 and its 200 day moving average price is $28.26.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1691 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.68 annualized dividend and a yield of 2.2%.

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

A number of large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in First Trust Global Tactical Commodity Strategy Fund by 10.4% during the first quarter. Royal Bank of Canada now owns 1,567,531 shares of the company’s stock worth $45,003,000 after purchasing an additional 148,098 shares during the last quarter. UBS Group AG raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% during the 4th quarter. UBS Group AG now owns 1,373,318 shares of the company’s stock valued at $31,902,000 after buying an additional 23,761 shares in the last quarter. Csenge Advisory Group raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 9.6% during the 4th quarter. Csenge Advisory Group now owns 869,681 shares of the company’s stock valued at $20,203,000 after buying an additional 76,281 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 5.4% in the 3rd quarter. Raymond James Financial Inc. now owns 772,753 shares of the company’s stock worth $20,014,000 after buying an additional 39,469 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in First Trust Global Tactical Commodity Strategy Fund by 15.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 747,842 shares of the company’s stock worth $17,372,000 after buying an additional 98,436 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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.