Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.30 and traded as low as $17.29. Lazard Global Total Return and Income Fund shares last traded at $17.51, with a volume of 84,241 shares traded.

Lazard Global Total Return and Income Fund Price Performance

The business’s 50 day moving average is $17.30 and its two-hundred day moving average is $17.05.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.1477 per share. The ex-dividend date of this dividend is Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.15.

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

A number of large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its stake in Lazard Global Total Return and Income Fund by 297.3% during the first quarter. Wolverine Asset Management LLC now owns 193,593 shares of the company’s stock worth $2,983,000 after purchasing an additional 144,869 shares during the last quarter. LPL Financial LLC lifted its position in Lazard Global Total Return and Income Fund by 7.3% in the 1st quarter. LPL Financial LLC now owns 173,244 shares of the company’s stock worth $2,670,000 after buying an additional 11,832 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Lazard Global Total Return and Income Fund by 24.4% in the second quarter. Guggenheim Capital LLC now owns 124,973 shares of the company’s stock worth $2,100,000 after buying an additional 24,546 shares in the last quarter. Strategic Advocates LLC boosted its stake in Lazard Global Total Return and Income Fund by 7.5% in the second quarter. Strategic Advocates LLC now owns 60,438 shares of the company’s stock worth $1,015,000 after buying an additional 4,196 shares in the last quarter. Finally, Osaic Holdings Inc. grew 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 acquiring an additional 39,783 shares during the last quarter.

Lazard Global Total Return and Income Fund Company Profile

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.