Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Passes Above 50 Day Moving Average of $15.95

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGIGet Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $15.95 and traded as high as $16.43. Lazard Global Total Return and Income Fund shares last traded at $16.39, with a volume of 50,015 shares.

Lazard Global Total Return and Income Fund Stock Performance

The business has a fifty day moving average of $15.95 and a two-hundred day moving average of $15.51.

Lazard Global Total Return and Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 24th. Shareholders of record on Tuesday, June 11th will be issued a $0.1046 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.26 annualized dividend and a yield of 7.66%.

Institutional Trading of Lazard Global Total Return and Income Fund

Several hedge funds have recently added to or reduced their stakes in LGI. International Assets Investment Management LLC bought a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth approximately $61,000. Saba Capital Management L.P. acquired a new stake in shares of Lazard Global Total Return and Income Fund during the third quarter worth $148,000. Quantedge Capital Pte Ltd bought a new position in shares of Lazard Global Total Return and Income Fund in the 3rd quarter worth about $151,000. Blue Bell Private Wealth Management LLC increased its holdings in Lazard Global Total Return and Income Fund by 3,764.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,593 shares of the company’s stock worth $189,000 after purchasing an additional 11,293 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Lazard Global Total Return and Income Fund by 5.6% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 14,932 shares of the company’s stock valued at $207,000 after acquiring an additional 794 shares in the last quarter.

About Lazard Global Total Return and Income Fund

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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.

Further Reading

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