First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 12-Month 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 Stock Performance

The stock’s 50-day simple moving average is $24.52 and its 200 day simple moving average is $23.76.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid 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

A number of institutional investors and hedge funds have recently made changes to their positions in FTGC. Wells Fargo & Company MN boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 6.7% during the 4th quarter. Wells Fargo & Company MN now owns 36,948,435 shares of the company’s stock worth $884,176,000 after purchasing an additional 2,326,568 shares during the last quarter. Total Investment Management Inc. boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.5% during the 4th quarter. Total Investment Management Inc. now owns 1,963,530 shares of the company’s stock worth $46,987,000 after purchasing an additional 66,282 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 4.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 850,853 shares of the company’s stock worth $20,361,000 after purchasing an additional 33,089 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth about $18,836,000. Finally, Commonwealth Equity Services LLC boosted its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 3.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 757,528 shares of the company’s stock worth $18,128,000 after purchasing an additional 25,009 shares during 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.