First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 1-Year High - Here's What Happened

Key Points

• First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high, trading as high as $29.26 and last at $29.17 on volume of 631,799 shares; its 50‑day and 200‑day moving averages are $27.74 and $26.23, respectively.
• The fund declared a quarterly dividend of $0.4093 per share (paid Mar 31), which annualizes to $1.64 and yields 5.6%, with an ex‑dividend date of Mar 26.
• Several institutional investors recently initiated or increased small positions in FTGC, which is an actively managed commodities ETF that gains exposure through futures contracts and is managed by First Trust.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.26 and last traded at $29.17, with a volume of 631799 shares trading hands. The stock had previously closed at $29.07.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The business's fifty day moving average price is $27.74 and its 200-day moving average price is $26.23.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.4093 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Several institutional investors have recently made changes to their positions in FTGC. CENTRAL TRUST Co bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth approximately $35,000. Elevated Capital Advisors LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth approximately $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 1,207.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company's stock worth $42,000 after purchasing an additional 1,678 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth approximately $48,000.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.

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