Lazard Global Total Return and Income Fund (NYSE:LGI) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.08 and traded as high as $18.99. Lazard Global Total Return and Income Fund shares last traded at $18.7750, with a volume of 47,423 shares.

Lazard Global Total Return and Income Fund Stock Up 2.4%

The stock’s fifty day moving average is $18.12 and its two-hundred day moving average is $17.65.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 23rd. Shareholders of record on Tuesday, February 10th will be paid a $0.1534 dividend. The ex-dividend date is Tuesday, February 10th. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 9.6%.

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

Several large investors have recently modified their holdings of the stock. Allworth Financial LP purchased a new position in Lazard Global Total Return and Income Fund in the second quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at $38,000. Commonwealth Equity Services LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 4th quarter valued at $188,000. Transcend Capital Advisors LLC lifted its position in shares of Lazard Global Total Return and Income Fund by 14.1% during the 2nd quarter. Transcend Capital Advisors LLC now owns 11,661 shares of the company’s stock valued at $196,000 after buying an additional 1,440 shares during the last quarter. Finally, &PARTNERS bought a new position in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth $200,000.

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.