First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 52-Week High – What’s Next?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s share price hit a new 52-week high on Monday . The company traded as high as $25.44 and last traded at $25.47, with a volume of 27787 shares traded. The stock had previously closed at $25.23.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm’s 50 day moving average price is $24.29 and its 200-day moving average price is $23.65.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

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

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTGC. Focus Financial Network Inc. raised its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% during the 4th quarter. Focus Financial Network Inc. now owns 25,158 shares of the company’s stock worth $602,000 after purchasing an additional 471 shares during the last quarter. US Bancorp DE increased its stake in First Trust Global Tactical Commodity Strategy Fund by 84.5% during the 3rd quarter. US Bancorp DE now owns 1,118 shares of the company’s stock worth $26,000 after buying an additional 512 shares in the last quarter. Private Client Services LLC raised its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 6.6% during the fourth quarter. Private Client Services LLC now owns 9,535 shares of the company’s stock valued at $228,000 after acquiring an additional 587 shares during the last quarter. Aspect Partners LLC lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.9% in the third quarter. Aspect Partners LLC now owns 33,452 shares of the company’s stock valued at $792,000 after acquiring an additional 624 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of First Trust Global Tactical Commodity Strategy Fund by 1.1% during the fourth quarter. D.A. Davidson & CO. now owns 63,390 shares of the company’s stock worth $1,517,000 after purchasing an additional 720 shares in the last quarter.

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.