First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Reaches New 52-Week High – Here’s Why

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high on Wednesday . The stock traded as high as $24.99 and last traded at $24.98, with a volume of 12381 shares. The stock had previously closed at $24.80.

First Trust Global Tactical Commodity Strategy Fund Stock Down 0.5 %

The business has a fifty day simple moving average of $23.84 and a 200-day simple moving average of $23.53.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.1846 per share. The ex-dividend date was Tuesday, December 17th.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 84.5% during the third quarter. US Bancorp DE now owns 1,118 shares of the company’s stock valued at $26,000 after buying an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in First Trust Global Tactical Commodity Strategy Fund by 301.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after buying an additional 1,201 shares during the last quarter. Values First Advisors Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund in the 3rd quarter worth $46,000. Larson Financial Group LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 60.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,652 shares of the company’s stock valued at $63,000 after buying an additional 998 shares in the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the third quarter valued at approximately $101,000.

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.