Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Cross Above 50 Day Moving Average – Here’s Why

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.22 and traded as high as $18.25. Lazard Global Total Return and Income Fund shares last traded at $18.07, with a volume of 34,087 shares trading hands.

Lazard Global Total Return and Income Fund Trading Up 0.8%

The company’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $18.00.

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Lazard Global Total Return and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 10th will be paid a dividend of $0.1534 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a c) dividend on an annualized basis and a yield of 10.2%.

Hedge Funds Weigh In On Lazard Global Total Return and Income Fund

Hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC raised its position in shares of Lazard Global Total Return and Income Fund by 3.9% in the 2nd quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock worth $292,000 after buying an additional 600 shares during the period. Mezzasalma Advisors LLC raised its holdings in shares of Lazard Global Total Return and Income Fund by 1.9% in the 4th quarter. Mezzasalma Advisors LLC now owns 32,365 shares of the company’s stock worth $565,000 after purchasing an additional 617 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Lazard Global Total Return and Income Fund by 3.3% in the 3rd quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock worth $349,000 after purchasing an additional 642 shares during the period. Bank of America Corp DE lifted its stake in shares of Lazard Global Total Return and Income Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock valued at $512,000 after purchasing an additional 726 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Lazard Global Total Return and Income Fund by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock valued at $246,000 after purchasing 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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