Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $17.26 and traded as high as $17.77. Lazard Global Total Return and Income Fund shares last traded at $17.5950, with a volume of 29,151 shares trading hands.

Lazard Global Total Return and Income Fund Stock Up 0.1%

The stock has a 50 day simple moving average of $17.26 and a two-hundred day simple moving average of $17.70.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 11th will be paid a $0.1534 dividend. The ex-dividend date is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 10.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LGI. Osaic Holdings Inc. grew its holdings in Lazard Global Total Return and Income Fund by 833.5% during the second quarter. Osaic Holdings Inc. now owns 44,556 shares of the company’s stock worth $749,000 after acquiring an additional 39,783 shares during the period. Evolve Private Wealth LLC acquired a new position in Lazard Global Total Return and Income Fund during the fourth quarter worth $660,000. Adapt Wealth Advisors LLC acquired a new stake in Lazard Global Total Return and Income Fund in the third quarter valued at $627,000. Royal Bank of Canada grew its holdings in Lazard Global Total Return and Income Fund by 47.1% in the fourth quarter. Royal Bank of Canada now owns 110,312 shares of the company’s stock valued at $1,924,000 after purchasing an additional 35,299 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in Lazard Global Total Return and Income Fund in the fourth quarter valued at $561,000.

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.