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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.10 and traded as high as $18.53. Lazard Global Total Return and Income Fund shares last traded at $18.36, with a volume of 20,809 shares changing hands.

Lazard Global Total Return and Income Fund Stock Up 0.4%

The company’s fifty day moving average price is $18.10 and its two-hundred day moving average price is $17.95.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Friday, July 10th will be given a $0.1534 dividend. This represents a c) annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Friday, July 10th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC boosted its position in shares of 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 worth $3,252,000 after buying an additional 28,549 shares during the period. Stifel Financial Corp raised its position in Lazard Global Total Return and Income Fund by 4.2% in the 4th quarter. Stifel Financial Corp now owns 120,201 shares of the company’s stock valued at $2,096,000 after buying an additional 4,846 shares during the last quarter. Royal Bank of Canada raised its position in Lazard Global Total Return and Income Fund by 1.5% in the 1st quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock valued at $1,802,000 after buying an additional 1,696 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Lazard Global Total Return and Income Fund by 12.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 47,205 shares of the company’s stock valued at $823,000 after acquiring an additional 5,046 shares in the last quarter. Finally, Osaic Holdings Inc. lifted 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 valued at $749,000 after acquiring an additional 39,783 shares in the last quarter.

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.