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

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed 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 Up 0.1 %

The firm has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $16.87.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 22nd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.1494 per share. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 annualized dividend and a dividend yield of 11.20%. The ex-dividend date of this dividend is Friday, January 10th.

Institutional Trading of Lazard Global Total Return and Income Fund

Several large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. purchased a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter valued at approximately $1,469,000. Sanctuary Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund during the second quarter valued at $698,000. Wilmington Savings Fund Society FSB purchased a new position in Lazard Global Total Return and Income Fund in the third quarter valued at $260,000. Finally, Stifel Financial Corp raised its position 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 during the period.

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.