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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $16.63 and traded as low as $15.89. Lazard Global Total Return and Income Fund shares last traded at $15.98, with a volume of 45,964 shares.

Lazard Global Total Return and Income Fund Stock Performance

The firm has a fifty day moving average price of $16.61 and a 200 day moving average price of $16.89.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Friday, January 10th will be given a dividend of $0.1494 per share. The ex-dividend date of this dividend is Friday, January 10th. This is an increase 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 11.14%.

Institutional Trading of Lazard Global Total Return and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin Edwards Inc. acquired a new stake in Lazard Global Total Return and Income Fund in the third quarter worth $1,469,000. Sanctuary Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund during the 2nd quarter worth $698,000. Wilmington Savings Fund Society FSB bought a new position in Lazard Global Total Return and Income Fund during the third quarter worth about $260,000. Blue Bell Private Wealth Management LLC grew its stake in Lazard Global Total Return and Income Fund by 82.1% in the second quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after acquiring an additional 9,520 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Lazard Global Total Return and Income Fund by 9.6% in the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after acquiring an additional 7,328 shares in 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.