Shaker Financial Services LLC Acquires New Stake in Lazard Global Total Return and Income Fund, Inc. $LGI

Shaker Financial Services LLC bought a new position in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,158 shares of the company’s stock, valued at approximately $561,000.

Several other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in shares of Lazard Global Total Return and Income Fund by 8.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after acquiring an additional 1,125 shares during the period. PMG Family Office LLC bought a new stake in Lazard Global Total Return and Income Fund in the 3rd quarter valued at about $334,000. NewEdge Advisors LLC lifted its holdings in Lazard Global Total Return and Income Fund by 3.3% during the third quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock valued at $349,000 after purchasing an additional 642 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Lazard Global Total Return and Income Fund by 4.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,209 shares of the company’s stock worth $373,000 after purchasing an additional 1,000 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in Lazard Global Total Return and Income Fund by 7.3% during the third quarter. Flagship Harbor Advisors LLC now owns 27,982 shares of the company’s stock worth $484,000 after purchasing an additional 1,908 shares during the period.

Lazard Global Total Return and Income Fund Price Performance

NYSE LGI opened at $17.60 on Friday. The company’s 50 day moving average is $17.83 and its 200-day moving average is $17.67. Lazard Global Total Return and Income Fund, Inc. has a 12-month low of $13.95 and a 12-month high of $19.88.

Lazard Global Total Return and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Friday, April 10th will be issued a dividend of $0.1534 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Lazard Global Total Return and Income Fund Company Profile

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.