First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 12-Month High - What's Next?

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 - ) shares hit a new 52-week high on Monday . The stock traded as high as $26.13 and last traded at $26.16, with a volume of 152540 shares. The stock had previously closed at $25.80.

First Trust Global Tactical Commodity Strategy Fund Trading Up 1.4%

The firm's 50-day simple moving average is $25.24 and its two-hundred day simple moving average is $24.92.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.1509 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, June 26th.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Crewe Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the second quarter valued at about $27,000. CX Institutional purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,895.0% during 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 during the period. Ameriflex Group Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at approximately $50,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 83.4% during the first quarter. AdvisorNet Financial Inc now owns 2,326 shares of the company's stock valued at $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.

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