First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Hits New 1-Year High - Still a Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $25.25 and last traded at $25.14, with a volume of 89326 shares traded. The stock had previously closed at $25.07.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The company has a 50-day moving average price of $24.29 and a two-hundred day moving average price of $23.65.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its stake in shares of First Trust Global Tactical Commodity Strategy Fund by 59.6% in the fourth quarter. HighTower Advisors LLC now owns 211,124 shares of the company's stock worth $5,052,000 after purchasing an additional 78,845 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of First Trust Global Tactical Commodity Strategy Fund during the fourth quarter valued at about $141,000. Cushing Capital Partners LLC bought a new stake in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth about $1,042,000. Independent Advisor Alliance purchased a new stake in First Trust Global Tactical Commodity Strategy Fund in the 4th quarter valued at about $260,000. Finally, Callan Family Office LLC purchased a new position in shares of First Trust Global Tactical Commodity Strategy Fund in the 4th quarter worth approximately $646,000.

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.