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) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.83 and last traded at $26.8150, with a volume of 21333 shares trading hands. The stock had previously closed at $26.66.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The company’s 50 day moving average price is $26.04 and its two-hundred day moving average price is $25.32.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1641 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This is an increase from First Trust Global Tactical Commodity Strategy Fund’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 2.4%.

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

A number of hedge funds have recently bought and sold shares of FTGC. CWM LLC raised its holdings in First Trust Global Tactical Commodity Strategy Fund by 8.1% during the first quarter. CWM LLC now owns 560,277 shares of the company’s stock worth $14,298,000 after purchasing an additional 42,012 shares during the last quarter. MTM Investment Management LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 2.6% in the first quarter. MTM Investment Management LLC now owns 25,462 shares of the company’s stock valued at $652,000 after acquiring an additional 650 shares in the last quarter. Cutter & CO Brokerage Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter worth approximately $211,000. Boyce & Associates Wealth Consulting Inc. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.3% in the first quarter. Boyce & Associates Wealth Consulting Inc. now owns 23,083 shares of the company’s stock worth $589,000 after buying an additional 728 shares during the last quarter. Finally, Csenge Advisory Group raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 76.0% in the 1st quarter. Csenge Advisory Group now owns 666,770 shares of the company’s stock valued at $16,316,000 after buying an additional 288,018 shares in 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.