Lazard Global Total Return and Income Fund (NYSE:LGI) stock breaks above 50-day moving average of $15.47


Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Get Rating) rose above their 50-day moving average during Wednesday’s trading. The stock has a 50-day moving average of $15.47 and is trading down to $15.52. Shares of Lazard Global Total Return and Income Fund last traded at $15.36, with volume at 27,528 shares.

The company’s fifty-day simple moving average is $15.47 and its 200-day simple moving average is $17.46.

The company also recently declared a monthly dividend, which will be paid on Friday, July 22. Shareholders of record on Monday, July 11 will receive a dividend of $0.1247. This represents an annualized dividend of $1.50 and a yield of 9.74%. The ex-dividend date is Friday, July 8.

A number of large investors have recently changed their positions in the company. Raymond James & Associates increased its holdings in Lazard Global Yield and Income Fund by 16.8% in Q1. Raymond James & Associates now owns 637,362 shares of the company valued at $11,409,000 after purchasing an additional 91,829 shares during the period. LPL Financial LLC increased its holdings in the Lazard Global Total Return and Income Fund by 102.5% in the fourth quarter. LPL Financial LLC now owns 205,162 shares of the company valued at $4,146,000 after purchasing an additional 103,869 shares during the period. Bank of America Corp DE increased its position in shares of the Lazard Global Total Return and Income Fund by 1.3% during the fourth quarter. Bank of America Corp DE now owns 100,387 shares of the company valued at $2,029,000 after buying an additional 1,295 shares last quarter. UBS Group AG increased its position in shares of the Lazard Global Total Return and Income Fund by 7.4% during the 1st quarter. UBS Group AG now owns 100,304 shares of the company valued at $1,795,000 after buying an additional 6,874 shares last quarter. Finally, the Royal Bank of Canada raised its position in shares of the Lazard Global Yield and Income Fund by 0.7% during the 1st quarter. Royal Bank of Canada now owns 99,049 shares of the company valued at $1,772,000 after buying an additional 709 shares last quarter.

Lazard Global Total Return and Income Fund Company Profile (NYSE: LGI)

Lazard Global Total Return and Income Fund, Inc. is a closed-end balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets around the world. The fund invests primarily in stocks of companies with a market capitalization of over $5 billion.

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