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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.91 and traded as high as $18.63. Lazard Global Total Return and Income Fund shares last traded at $18.5570, with a volume of 48,746 shares changing hands.

Lazard Global Total Return and Income Fund Stock Performance

The stock’s 50 day moving average price is $17.91 and its two-hundred day moving average price is $17.87.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Friday, July 10th will be paid a dividend of $0.1534 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 9.9%.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new position in Lazard Global Total Return and Income Fund during the fourth quarter worth $38,000. Western Wealth Management LLC acquired a new position in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth $47,000. Commonwealth Equity Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth about $188,000. &PARTNERS purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth about $200,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth about $203,000.

About Lazard Global Total Return and Income Fund

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.