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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.91 and traded as high as $18.63. Lazard Global Total Return and Income Fund shares last traded at $18.5570, with a volume of 48,746 shares traded.

Lazard Global Total Return and Income Fund Trading Up 0.1%

The firm’s fifty day moving average is $17.93 and its 200 day moving average is $17.88.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Friday, July 10th will be given a $0.1534 dividend. The ex-dividend date is Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 9.9%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mezzasalma Advisors LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 1.9% during the 4th quarter. Mezzasalma Advisors LLC now owns 32,365 shares of the company’s stock valued at $565,000 after acquiring an additional 617 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Lazard Global Total Return and Income Fund by 3.3% in the 3rd quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock worth $349,000 after purchasing an additional 642 shares during the last quarter. Bank of America Corp DE lifted its holdings in Lazard Global Total Return and Income Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after purchasing an additional 726 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Lazard Global Total Return and Income Fund by 8.3% during the second quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after purchasing an additional 1,125 shares during the period. Finally, Flagship Harbor Advisors LLC boosted its position in Lazard Global Total Return and Income Fund by 4.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 29,322 shares of the company’s stock worth $511,000 after purchasing an additional 1,340 shares during the period.

About Lazard Global Total Return and Income Fund

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.