First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 12-Month High – Here’s What Happened

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $29.02 and last traded at $29.0410, with a volume of 176729 shares traded. The stock had previously closed at $28.74.

First Trust Global Tactical Commodity Strategy Fund Stock Performance

The firm’s 50 day simple moving average is $27.38 and its 200 day simple moving average is $26.15.

First Trust Global Tactical Commodity Strategy Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.4093 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.64 dividend on an annualized basis and a yield of 5.7%.

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

Several institutional investors and hedge funds have recently modified their holdings of FTGC. CENTRAL TRUST Co acquired a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the 3rd quarter valued at approximately $35,000. Elevated Capital Advisors LLC acquired a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at $41,000. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust Global Tactical Commodity Strategy Fund by 1,207.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,817 shares of the company’s stock valued at $42,000 after buying an additional 1,678 shares during the period. Finally, Ameriflex Group Inc. purchased a new position in First Trust Global Tactical Commodity Strategy Fund in the third quarter valued at $48,000.

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. FTGC was launched on Oct 23, 2013 and is managed by First Trust.