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 during trading on Tuesday . The company traded as high as $25.80 and last traded at $25.62, with a volume of 257925 shares traded. The stock had previously closed at $25.65.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The company’s 50 day moving average price is $24.59 and its 200 day moving average price is $23.80.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.1846 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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

A number of large investors have recently modified their holdings of FTGC. SBI Securities Co. Ltd. acquired a new position in First Trust Global Tactical Commodity Strategy Fund during the fourth quarter worth $25,000. US Bancorp DE boosted its position in shares of 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 purchasing an additional 512 shares in the last quarter. AlphaMark Advisors LLC grew its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 627.0% during the 4th quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $32,000 after purchasing an additional 1,160 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at about $35,000. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 301.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company’s stock valued at $38,000 after purchasing an additional 1,201 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.