Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Pass Above 50 Day Moving Average – What’s Next?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $17.26 and traded as high as $17.77. Lazard Global Total Return and Income Fund shares last traded at $17.5950, with a volume of 29,151 shares changing hands.

Lazard Global Total Return and Income Fund Price Performance

The company has a 50-day moving average price of $17.26 and a 200-day moving average price of $17.70.

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Lazard Global Total Return and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be given a $0.1534 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, May 11th.

Institutional Trading of Lazard Global Total Return and Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at $38,000. Commonwealth Equity Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at $188,000. &PARTNERS purchased a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at $200,000. Cary Street Partners Financial LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at $203,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Lazard Global Total Return and Income Fund by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock valued at $246,000 after acquiring an additional 1,125 shares in the last quarter.

Lazard Global Total Return and Income Fund Company Profile

(Get Free Report)

The Lazard Global Total Return and Income Fund (NYSE: LGI) is a closed-end management investment company that seeks to provide its shareholders with an attractive level of current income and capital appreciation. Managed by Lazard Asset Management LLC, the fund pursues a global, multi-asset strategy that includes investments in common stocks, investment-grade and high-yield corporate bonds, emerging market debt, sovereign securities and convertible instruments. By blending equity and fixed-income exposures, LGI aims to generate a diversified income stream while managing volatility across market cycles.

Leveraging the research capabilities of Lazard’s global investment platform, the fund’s portfolio managers draw on in-house analysts and specialist teams located in North America, Europe and Asia.

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