Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.02 and traded as low as $15.97. Lazard Global Total Return and Income Fund shares last traded at $16.18, with a volume of 43,538 shares traded.

Lazard Global Total Return and Income Fund Price Performance

The stock has a fifty day moving average price of $15.13 and a 200 day moving average price of $16.02.

Lazard Global Total Return and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Monday, May 12th will be given a $0.1465 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.76 annualized dividend and a dividend yield of 10.87%.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in Lazard Global Total Return and Income Fund during the 4th quarter valued at about $5,393,000. Wolverine Asset Management LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 297.3% in the first quarter. Wolverine Asset Management LLC now owns 193,593 shares of the company’s stock worth $2,983,000 after buying an additional 144,869 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 7.3% in the first quarter. LPL Financial LLC now owns 173,244 shares of the company’s stock worth $2,670,000 after buying an additional 11,832 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Lazard Global Total Return and Income Fund by 2.2% in the fourth quarter. Stifel Financial Corp now owns 85,751 shares of the company’s stock worth $1,370,000 after buying an additional 1,823 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 63.6% in the fourth quarter. Guggenheim Capital LLC now owns 81,970 shares of the company’s stock worth $1,310,000 after buying an additional 31,855 shares during 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.