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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.45 and traded as low as $16.54. Lazard Global Total Return and Income Fund shares last traded at $16.63, with a volume of 82,322 shares changing hands.

Lazard Global Total Return and Income Fund Price Performance

The firm has a 50 day moving average price of $18.45 and a 200 day moving average price of $17.79.

Lazard Global Total Return and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.1534 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 11.1%.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its stake in Lazard Global Total Return and Income Fund by 833.5% in the 2nd quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock worth $749,000 after purchasing an additional 39,783 shares during the period. Evolve Private Wealth LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the fourth quarter worth $660,000. Adapt Wealth Advisors LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the third quarter worth $627,000. Royal Bank of Canada boosted its position in shares of Lazard Global Total Return and Income Fund by 47.1% during the fourth quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock worth $1,924,000 after acquiring an additional 35,299 shares during the last quarter. Finally, Shaker Financial Services LLC purchased a new position in Lazard Global Total Return and Income Fund during the fourth quarter valued at $561,000.

Lazard Global Total Return and Income Fund Company Profile

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.