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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 Trading Up 0.1 %

The business’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $16.87.

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 11.20%.

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

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lazard Global Total Return and Income Fund in the third quarter valued at approximately $260,000. Stifel Financial Corp boosted its stake in Lazard Global Total Return and Income Fund by 9.6% during the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after purchasing an additional 7,328 shares during the period. Benjamin Edwards Inc. purchased a new position in Lazard Global Total Return and Income Fund during the 3rd quarter worth $1,469,000. Finally, Sanctuary Advisors LLC purchased a new position in Lazard Global Total Return and Income Fund during the 2nd quarter worth $698,000.

Lazard Global Total Return and Income Fund Company Profile

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.