First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 12-Month High - Should You Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $25.44 and last traded at $25.47, with a volume of 27787 shares trading hands. The stock had previously closed at $25.23.

First Trust Global Tactical Commodity Strategy Fund Price Performance

The company's 50-day simple moving average is $24.41 and its 200-day simple moving average is $23.70.

First Trust Global Tactical Commodity Strategy Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of First Trust Global Tactical Commodity Strategy Fund in the fourth quarter valued at about $25,000. US Bancorp DE increased its position in 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 valued at $26,000 after purchasing an additional 512 shares during the period. AlphaMark Advisors LLC raised its holdings in 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 last quarter. Geneos Wealth Management Inc. bought a new position in First Trust Global Tactical Commodity Strategy Fund during the 4th quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of First Trust Global Tactical Commodity Strategy Fund by 301.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,600 shares of the company's stock worth $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.