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

Shares of First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) hit a new 52-week high on Tuesday . The stock traded as high as $25.80 and last traded at $25.62, with a volume of 257925 shares changing hands. The stock had previously closed at $25.65.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm’s 50-day moving average price is $24.59 and its two-hundred day moving average price is $23.80.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

The company also recently declared 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 of this dividend was Tuesday, December 17th.

Institutional Investors 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 the business. Acorn Financial Advisory Services Inc. ADV boosted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 9.9% during the 3rd quarter. Acorn Financial Advisory Services Inc. ADV now owns 11,132 shares of the company’s stock worth $264,000 after purchasing an additional 1,000 shares during the period. Objective Capital Management LLC purchased a new position in First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at about $254,000. ABLE Financial Group LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 15.0% in the third quarter. ABLE Financial Group LLC now owns 179,657 shares of the company’s stock valued at $4,256,000 after purchasing an additional 23,430 shares during the period. Creative Planning grew its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 9.8% in the third quarter. Creative Planning now owns 19,359 shares of the company’s stock valued at $459,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Solitude Financial Services lifted its holdings in First Trust Global Tactical Commodity Strategy Fund by 2.4% during the 3rd quarter. Solitude Financial Services now owns 300,098 shares of the company’s stock worth $7,109,000 after buying an additional 7,070 shares in the last quarter.

About First Trust Global Tactical Commodity Strategy Fund

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.