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

Key Points

• First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high, trading as high as $28.96 (last $28.9410) and trading well above its 50‑day ($24.99) and 200‑day ($25.58) moving averages.
• The fund sharply increased its quarterly dividend to $3.6647 (annualized $14.66), implying a 50.7% yield
• FTGC is an actively managed commodity ETF that provides broad exposure to commodities through futures contracts and is managed by First Trust (launched Oct 23, 2013).

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - ) reached a new 52-week high during trading on Thursday . The company traded as high as $28.96 and last traded at $28.9410, with a volume of 972466 shares trading hands. The stock had previously closed at $28.25.

First Trust Global Tactical Commodity Strategy Fund Stock Up 2.4%

The business's fifty day moving average price is $24.99 and its 200 day moving average price is $25.58.

First Trust Global Tactical Commodity Strategy Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th were paid a dividend of $3.6647 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $14.66 annualized dividend and a yield of 50.7%. This is a boost from First Trust Global Tactical Commodity Strategy Fund's previous quarterly dividend of $0.16.

Institutional Trading of First Trust Global Tactical Commodity Strategy Fund

Several hedge funds have recently made changes to their positions in FTGC. CENTRAL TRUST Co purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the third quarter worth $35,000. Elevated Capital Advisors LLC purchased a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 acquiring an additional 1,678 shares during the period. 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.

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