Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

Lazard Global Total Return and Income Fund Stock Performance

The firm has a fifty day moving average price of $17.23 and a two-hundred day moving average price of $17.70.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 11th will be issued a dividend of $0.1534 per share. This represents a c) annualized dividend and a dividend yield of 10.4%. The ex-dividend date of this dividend is Monday, May 11th.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Guggenheim Capital LLC lifted its position in Lazard Global Total Return and Income Fund by 18.1% during the fourth quarter. Guggenheim Capital LLC now owns 186,466 shares of the company’s stock valued at $3,252,000 after purchasing an additional 28,549 shares in the last quarter. Stifel Financial Corp lifted its position in Lazard Global Total Return and Income Fund by 4.2% during the fourth quarter. Stifel Financial Corp now owns 120,201 shares of the company’s stock valued at $2,096,000 after purchasing an additional 4,846 shares in the last quarter. Royal Bank of Canada lifted its position in Lazard Global Total Return and Income Fund by 1.5% during 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Lazard Global Total Return and Income Fund by 12.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 47,205 shares of the company’s stock valued at $823,000 after purchasing an additional 5,046 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in Lazard Global Total Return and Income Fund by 833.5% during the second quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock valued at $749,000 after purchasing an additional 39,783 shares in the last quarter.

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.