Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.40 and traded as high as $19.15. Lazard Global Total Return and Income Fund shares last traded at $19.00, with a volume of 69,795 shares traded.

Lazard Global Total Return and Income Fund Price Performance

The stock has a 50-day simple moving average of $18.40 and a 200-day simple moving average of $17.77.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.1534 per share. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Tuesday, March 10th.

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

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in 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 worth $614,000 after acquiring an additional 9,392 shares during the last quarter. Allworth Financial LP bought a new stake in shares of Lazard Global Total Return and Income Fund in the second quarter worth $34,000. Steward Partners Investment Advisory LLC increased its holdings in Lazard Global Total Return and Income Fund by 50.8% in the second quarter. Steward Partners Investment Advisory LLC now owns 41,559 shares of the company’s stock valued at $698,000 after purchasing an additional 14,000 shares during the period. Guggenheim Capital LLC raised its position in Lazard Global Total Return and Income Fund by 24.4% during the 2nd quarter. Guggenheim Capital LLC now owns 124,973 shares of the company’s stock worth $2,100,000 after purchasing an additional 24,546 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Lazard Global Total Return and Income Fund by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after buying an additional 1,125 shares during the period.

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.