First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC) Sets New 52-Week High - Time to Buy?

First Trust Global Tactical Commodity Strategy Fund (NASDAQ:FTGC - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $24.99 and last traded at $24.98, with a volume of 12381 shares traded. The stock had previously closed at $24.80.

First Trust Global Tactical Commodity Strategy Fund Stock Up 1.7 %

The business's 50-day moving average is $23.78 and its two-hundred day moving average is $23.50.

First Trust Global Tactical Commodity Strategy Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.1846 dividend. The ex-dividend date was Tuesday, December 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Choice Wealth Advisors LLC boosted its holdings in shares of First Trust Global Tactical Commodity Strategy Fund by 1.8% in the fourth quarter. Choice Wealth Advisors LLC now owns 297,505 shares of the company's stock valued at $7,119,000 after acquiring an additional 5,198 shares during the period. Arkadios Wealth Advisors raised its position in First Trust Global Tactical Commodity Strategy Fund by 10.3% in the 4th quarter. Arkadios Wealth Advisors now owns 49,274 shares of the company's stock valued at $1,179,000 after purchasing an additional 4,610 shares during the last quarter. Merit Financial Group LLC boosted its stake in First Trust Global Tactical Commodity Strategy Fund by 4.0% during the 4th quarter. Merit Financial Group LLC now owns 19,566 shares of the company's stock worth $468,000 after purchasing an additional 756 shares during the period. Financial Enhancement Group LLC grew its position in First Trust Global Tactical Commodity Strategy Fund by 3,947.8% during the 4th quarter. Financial Enhancement Group LLC now owns 369,604 shares of the company's stock worth $9,181,000 after purchasing an additional 360,473 shares during the last quarter. Finally, Columbia Advisory Partners LLC increased its stake in First Trust Global Tactical Commodity Strategy Fund by 5.7% in the fourth quarter. Columbia Advisory Partners LLC now owns 56,229 shares of the company's stock valued at $1,346,000 after purchasing an additional 3,039 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.