Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

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 $16.51 and traded as low as $15.80. Lazard Global Total Return and Income Fund shares last traded at $16.01, with a volume of 54,219 shares trading hands.

Lazard Global Total Return and Income Fund Stock Down 1.4 %

The company’s 50 day simple moving average is $16.49 and its 200 day simple moving average is $16.86.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 10th will be given a $0.1494 dividend. The ex-dividend date is Friday, January 10th. This is a boost from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 dividend on an annualized basis and a yield of 11.37%.

Institutional Trading of Lazard Global Total Return and Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in Lazard Global Total Return and Income Fund during the 3rd quarter worth $260,000. Sanctuary Advisors LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund during the second quarter worth about $698,000. Benjamin Edwards Inc. purchased a new position in shares of Lazard Global Total Return and Income Fund during the third quarter worth about $1,469,000. Finally, Stifel Financial Corp grew its holdings in shares of Lazard Global Total Return and Income Fund by 9.6% during the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after buying an additional 7,328 shares during the last quarter.

About Lazard Global Total Return and Income Fund

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.