Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.10 and traded as high as $18.53. Lazard Global Total Return and Income Fund shares last traded at $18.36, with a volume of 20,809 shares trading hands.

Lazard Global Total Return and Income Fund Stock Performance

The company has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $17.95.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Friday, July 10th will be paid a $0.1534 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGI. CoreCap Advisors LLC raised its holdings in Lazard Global Total Return and Income Fund by 3.9% in the 2nd quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock valued at $292,000 after buying an additional 600 shares during the last quarter. Mezzasalma Advisors LLC grew its holdings in Lazard Global Total Return and Income Fund by 1.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 32,365 shares of the company’s stock worth $565,000 after acquiring an additional 617 shares during the last quarter. NewEdge Advisors LLC increased its position in Lazard Global Total Return and Income Fund by 3.3% in the 3rd quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock valued at $349,000 after acquiring an additional 642 shares during the period. Bank of America Corp DE increased its position in Lazard Global Total Return and Income Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock valued at $512,000 after acquiring an additional 726 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Lazard Global Total Return and Income Fund by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock valued at $246,000 after acquiring an additional 1,125 shares during the last quarter.

About Lazard Global Total Return and Income Fund

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.