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

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.37 and traded as low as $17.22. Lazard Global Total Return and Income Fund shares last traded at $17.31, with a volume of 16,178 shares traded.

Lazard Global Total Return and Income Fund Price Performance

The company has a 50-day simple moving average of $17.37 and a two-hundred day simple moving average of $16.34.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Friday, October 10th will be given a dividend of $0.1465 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a c) annualized dividend and a yield of 10.2%.

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

Several hedge funds and other institutional investors have recently modified their holdings of LGI. Allworth Financial LP bought a new stake in shares of Lazard Global Total Return and Income Fund in the second quarter worth about $34,000. Elequin Capital LP purchased a new stake in Lazard Global Total Return and Income Fund in the 1st quarter worth approximately $53,000. Transcend Capital Advisors LLC grew its position in shares of Lazard Global Total Return and Income Fund by 14.1% in the 2nd quarter. Transcend Capital Advisors LLC now owns 11,661 shares of the company’s stock worth $196,000 after buying an additional 1,440 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Lazard Global Total Return and Income Fund by 8.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after buying an additional 1,125 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Lazard Global Total Return and Income Fund by 72.5% during the first quarter. Flagship Harbor Advisors LLC now owns 25,856 shares of the company’s stock valued at $398,000 after buying an additional 10,868 shares during the period.

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.