First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 52-Week High - Should You Buy?

Key Points

• FTGC hit a new 52-week high of $29.72 on Monday and is trading above its 50‑day and 200‑day moving averages ($28.04 and $26.31), signaling recent price strength.
• The fund paid a quarterly dividend of $0.4093 (ex‑dividend March 26), an annualized $1.64 representing about a 5.5% yield.
• Several institutional investors increased or initiated positions in Q1 — including Moment Partners, Valmark Advisers, and Fifth Third Bancorp — indicating renewed institutional interest.

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - )'s share price reached a new 52-week high during trading on Monday . The company traded as high as $29.72 and last traded at $29.7160, with a volume of 27748 shares. The stock had previously closed at $29.64.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The business has a 50 day moving average price of $28.04 and a 200 day moving average price of $26.31.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.4093 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.5%.

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

A number of institutional investors have recently made changes to their positions in the business. Moment Partners LLC bought a new position in First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at about $2,429,000. Valmark Advisers Inc. increased its stake in First Trust Global Tactical Commodity Strategy Fund by 3.5% during the first quarter. Valmark Advisers Inc. now owns 619,499 shares of the company's stock valued at $17,786,000 after acquiring an additional 20,844 shares during the period. Fifth Third Bancorp bought a new position in First Trust Global Tactical Commodity Strategy Fund during the first quarter valued at about $1,707,000. Darwin Wealth Management LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 43.2% during the first quarter. Darwin Wealth Management LLC now owns 226,821 shares of the company's stock valued at $6,512,000 after acquiring an additional 68,423 shares during the period. Finally, Simplicity Wealth LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 63.3% during the first quarter. Simplicity Wealth LLC now owns 22,746 shares of the company's stock valued at $653,000 after acquiring an additional 8,815 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. 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.