First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 12-Month High - Should You Buy?

Key Points

• The First Trust Global Tactical Commodity Strategy Fund (FTGC) reached a new 52-week high, trading as high as $26.13 with a closing price of $26.16.
• FTGC recently increased its quarterly dividend to $0.1509, resulting in a 2.3% dividend yield, up from the previous $0.14.
• Several institutional investors have significantly changed their positions, including Crewe Advisors LLC and CX Institutional, which both acquired new stakes in the fund recently.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $26.13 and last traded at $26.16, with a volume of 152540 shares traded. The stock had previously closed at $25.80.

First Trust Global Tactical Commodity Strategy Fund Trading Down 0.7%

The firm has a 50-day simple moving average of $25.32 and a 200-day simple moving average of $24.96.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.1509 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.60 annualized dividend and a dividend yield of 2.4%. This is a boost from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14.

Hedge Funds Weigh In On First Trust Global Tactical Commodity Strategy Fund

A number of institutional investors have recently modified their holdings of FTGC. Crewe Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 2nd quarter worth about $27,000. CX Institutional acquired a new stake in First Trust Global Tactical Commodity Strategy Fund in the first quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,197 shares of the company's stock valued at $30,000 after buying an additional 1,137 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $50,000. Finally, AdvisorNet Financial Inc raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% during the 1st quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock worth $59,000 after buying an additional 1,058 shares during the period.

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.