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

Key Points

• FTGC reached a new 52-week high of $27.65 on Friday, up from a prior close of $27.04.
• The fund raised its quarterly dividend to $3.6647 (annualized $14.66), implying a 52.9% dividend yield, a large increase from the previous $0.16 quarterly payout.
• The First Trust Global Tactical Commodity Strategy Fund is an actively managed ETF that provides broad commodity exposure through futures contracts and is structured as a 1940 Act open‑ended fund managed by First Trust.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) reached a new 52-week high during trading on Friday . The company traded as high as $27.65 and last traded at $27.65, with a volume of 2404 shares changing hands. The stock had previously closed at $27.04.

First Trust Global Tactical Commodity Strategy Fund Stock Up 2.5%

The business's 50-day moving average is $24.63 and its two-hundred day moving average is $25.50.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $3.6647 dividend. This represents a $14.66 annualized dividend and a dividend yield of 52.9%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTGC. CENTRAL TRUST Co acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new stake in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter worth $35,000. Elevated Capital Advisors LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during 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 last quarter. Finally, Ameriflex Group Inc. acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at $48,000.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.