Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report)’s share price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $17.82 and traded as low as $17.06. Lazard Global Total Return and Income Fund shares last traded at $17.08, with a volume of 23,148 shares.

Lazard Global Total Return and Income Fund Trading Down 1.5%

The firm has a fifty day moving average price of $17.76 and a 200-day moving average price of $17.79.

Lazard Global Total Return and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Tuesday, October 13th will be paid a $0.1534 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Tuesday, October 13th.

Institutional Trading of Lazard Global Total Return and Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Shaker Financial Services LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth about $873,000. CoreCap Advisors LLC boosted its position in shares of Lazard Global Total Return and Income Fund by 11.9% in the third quarter. CoreCap Advisors LLC now owns 17,701 shares of the company’s stock worth $301,000 after acquiring an additional 1,886 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund in the second quarter worth approximately $115,000. Bank of America Corp DE boosted its position in shares of Lazard Global Total Return and Income Fund by 2.3% in the first quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after acquiring an additional 726 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Lazard Global Total Return and Income Fund by 1.5% in the first quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock valued at $1,802,000 after purchasing an additional 1,696 shares during the period.

Lazard Global Total Return and Income Fund Company Profile

(Get Free Report)

Lazard Global Total Return and Income Fund (NYSE:LGI) is a diversified closed-end investment fund advised by Lazard Asset Management. Rather than operating as a traditional company, the fund invests in a global portfolio of securities with the objective of providing total return through a combination of current income and long-term capital appreciation.

The fund may invest across international markets and asset classes, including equity and fixed-income securities. Its portfolio can include securities issued by companies and governments in the United States and other countries, giving shareholders exposure to a range of geographies, industries and currencies.

Further Reading

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