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

Key Points

• The First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) reached a new 52-week high at $26.39 during trading, closing at $26.28 with a volume of 14,730 shares.
• The fund recently increased its quarterly dividend to $0.1641 per share, up from $0.15, equating to an annualized yield of 2.5%.
• Several institutional investors have adjusted their stakes in the fund, with notable increases from companies like Merit Financial Group LLC and Moors & Cabot Inc.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $26.39 and last traded at $26.28, with a volume of 14730 shares. The stock had previously closed at $26.20.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The company has a 50 day moving average of $25.47 and a two-hundred day moving average of $25.04.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1641 dividend. This is an increase from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.15. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2.4% in the first quarter. Merit Financial Group LLC now owns 20,030 shares of the company's stock worth $511,000 after purchasing an additional 464 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2.3% in the 1st quarter. Moors & Cabot Inc. now owns 21,416 shares of the company's stock valued at $547,000 after purchasing an additional 483 shares during the period. Callan Family Office LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 1.9% during the second quarter. Callan Family Office LLC now owns 27,500 shares of the company's stock valued at $678,000 after buying an additional 500 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 0.8% in the first quarter. Kestra Private Wealth Services LLC now owns 63,845 shares of the company's stock worth $1,629,000 after acquiring an additional 520 shares during the period. Finally, Lunt Capital Management Inc. boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 2.6% during the 1st quarter. Lunt Capital Management Inc. now owns 22,747 shares of the company's stock worth $581,000 after acquiring an additional 567 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.

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