Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $18.27 and traded as high as $18.58. Lazard Global Total Return and Income Fund shares last traded at $18.49, with a volume of 13,821 shares trading hands.

Lazard Global Total Return and Income Fund Stock Performance

The firm’s 50-day moving average is $18.28 and its 200-day moving average is $18.02.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 10th will be issued a dividend of $0.1534 per share. The ex-dividend date is Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 10.0%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in shares of Lazard Global Total Return and Income Fund by 30.9% during the 1st quarter. Royal Bank of Canada now owns 39,817 shares of the company’s stock valued at $614,000 after buying an additional 9,392 shares in the last quarter. Ameriprise Financial Inc. increased 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 worth $246,000 after acquiring an additional 1,125 shares in the last quarter. Bank of America Corp DE lifted its position in Lazard Global Total Return and Income Fund by 3.2% during the 2nd quarter. Bank of America Corp DE now owns 33,039 shares of the company’s stock valued at $555,000 after acquiring an additional 1,024 shares during the period. Osaic Holdings Inc. boosted its stake 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 worth $749,000 after acquiring an additional 39,783 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Lazard Global Total Return and Income Fund by 3.3% during the third quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock worth $349,000 after acquiring an additional 642 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.