Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Cross Below 50-Day Moving Average – Should You Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $17.48 and traded as low as $17.17. Lazard Global Total Return and Income Fund shares last traded at $17.2540, with a volume of 200,059 shares.

Lazard Global Total Return and Income Fund Stock Down 0.7%

The business has a 50 day simple moving average of $17.48 and a two-hundred day simple moving average of $16.88.

Lazard Global Total Return and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 24th. Investors of record on Wednesday, November 12th will be given a $0.1465 dividend. This represents a c) annualized dividend and a dividend yield of 10.2%. The ex-dividend date is Wednesday, November 12th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Adapt Wealth Advisors LLC bought a new position in shares of Lazard Global Total Return and Income Fund in the 3rd quarter worth $627,000. Flagship Harbor Advisors LLC grew its position in Lazard Global Total Return and Income Fund by 7.3% in the third quarter. Flagship Harbor Advisors LLC now owns 27,982 shares of the company’s stock worth $484,000 after acquiring an additional 1,908 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Lazard Global Total Return and Income Fund by 4.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,209 shares of the company’s stock valued at $373,000 after acquiring an additional 1,000 shares during the last quarter. Mezzasalma Advisors LLC lifted its stake in Lazard Global Total Return and Income Fund by 1.9% during the third quarter. Mezzasalma Advisors LLC now owns 31,748 shares of the company’s stock worth $549,000 after purchasing an additional 602 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Lazard Global Total Return and Income Fund by 833.5% during the second quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock worth $749,000 after purchasing an additional 39,783 shares during the last quarter.

Lazard Global Total Return and Income Fund Company Profile

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.