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

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed 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 traded.

Lazard Global Total Return and Income Fund Stock Up 0.4%

The company has a 50 day moving average price of $17.91 and a 200 day moving average price of $17.87.

Lazard Global Total Return and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Friday, July 10th will be issued a $0.1534 dividend. The ex-dividend date is Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.

Institutional Trading of Lazard Global Total Return and Income Fund

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

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.