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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.50 and traded as low as $17.60. Lazard Global Total Return and Income Fund shares last traded at $17.6320, with a volume of 35,502 shares traded.

Lazard Global Total Return and Income Fund Stock Down 1.0%

The business has a fifty day moving average price of $18.50 and a two-hundred day moving average price of $17.80.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 23rd. Investors of record on Tuesday, March 10th will be given a $0.1534 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

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

Institutional investors have recently bought and sold shares of the business. Guggenheim Capital LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 18.1% in the 4th quarter. Guggenheim Capital LLC now owns 186,466 shares of the company’s stock valued at $3,252,000 after acquiring an additional 28,549 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Lazard Global Total Return and Income Fund by 4.2% during the fourth quarter. Stifel Financial Corp now owns 120,201 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,846 shares during the last quarter. Royal Bank of Canada lifted its position in Lazard Global Total Return and Income Fund by 47.1% during the fourth quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock valued at $1,924,000 after purchasing an additional 35,299 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Lazard Global Total Return and Income Fund by 12.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 47,205 shares of the company’s stock valued at $823,000 after purchasing an additional 5,046 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Lazard Global Total Return and Income Fund by 833.5% in the second quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock valued at $749,000 after purchasing an additional 39,783 shares during the last quarter.

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.