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

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.38 and traded as high as $16.88. Lazard Global Total Return and Income Fund shares last traded at $16.86, with a volume of 28,900 shares traded.

Lazard Global Total Return and Income Fund Stock Up 0.6 %

The stock has a 50-day moving average of $16.38 and a 200 day moving average of $16.81.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Monday, February 10th will be given a $0.1465 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.76 dividend on an annualized basis and a yield of 10.42%.

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

Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp grew its position in shares of Lazard Global Total Return and Income Fund by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after buying an additional 7,328 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Lazard Global Total Return and Income Fund during the 2nd quarter worth about $698,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth about $260,000. Benjamin Edwards Inc. acquired a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth about $1,469,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $5,393,000.

About Lazard Global Total Return and Income Fund

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.