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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.06 and traded as high as $17.99. Lazard Global Total Return and Income Fund shares last traded at $17.87, with a volume of 32,092 shares changing hands.

Lazard Global Total Return and Income Fund Trading Down 0.2 %

The business has a fifty day moving average of $17.09 and a 200 day moving average of $16.58.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 22nd. Investors of record on Friday, October 11th will be issued a dividend of $0.1494 per share. The ex-dividend date of this dividend is Friday, October 11th. This is a positive change 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 dividend yield of 10.05%.

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

Several large investors have recently modified their holdings of LGI. Steward Partners Investment Advisory LLC boosted its holdings in Lazard Global Total Return and Income Fund by 5.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 27,752 shares of the company’s stock valued at $425,000 after purchasing an additional 1,400 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Lazard Global Total Return and Income Fund by 3.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 73,416 shares of the company’s stock worth $1,199,000 after purchasing an additional 2,503 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 82.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock worth $352,000 after buying an additional 9,520 shares in the last quarter. Quarry LP acquired a new position in shares of Lazard Global Total Return and Income Fund during the fourth quarter worth $251,000. Finally, Eagle Rock Investment Company LLC bought a new position in shares of Lazard Global Total Return and Income Fund in the 1st quarter valued at $276,000.

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.