Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Passes Above Fifty Day Moving Average – Should You Sell?

by · The Markets Daily

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.22 and traded as high as $18.25. Lazard Global Total Return and Income Fund shares last traded at $18.07, with a volume of 34,087 shares traded.

Lazard Global Total Return and Income Fund Stock Performance

The firm’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $18.00.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be given a dividend of $0.1534 per share. This represents a c) annualized dividend and a yield of 10.2%. The ex-dividend date is Monday, August 10th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth about $38,000. Western Wealth Management LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the 1st quarter valued at about $47,000. Commonwealth Equity Services LLC acquired a new position in Lazard Global Total Return and Income Fund in the 4th quarter worth about $188,000. &PARTNERS acquired a new position in Lazard Global Total Return and Income Fund in the 4th quarter worth about $200,000. Finally, Cary Street Partners Financial LLC acquired a new position in Lazard Global Total Return and Income Fund in the 4th quarter worth about $203,000.

About Lazard Global Total Return and Income Fund

(Get Free Report)

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.

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