Lazard Global Total Return and Income Fund (NYSE:LGI) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $17.48 and traded as high as $17.98. Lazard Global Total Return and Income Fund shares last traded at $17.9390, with a volume of 91,276 shares trading hands.

Lazard Global Total Return and Income Fund Stock Up 0.8%

The stock has a 50 day moving average price of $17.48 and a 200-day moving average price of $17.69.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 11th will be issued a $0.1534 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a c) dividend on an annualized basis and a yield of 10.3%.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Large investors have recently made changes to their positions in the company. Mezzasalma Advisors LLC increased its position 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 purchasing an additional 617 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 3.3% in the third quarter. NewEdge Advisors LLC now owns 20,182 shares of the company’s stock worth $349,000 after buying an additional 642 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew 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 valued at $373,000 after buying an additional 1,000 shares during the period. Bank of America Corp DE increased its holdings in Lazard Global Total Return and Income Fund by 3.2% during the second quarter. Bank of America Corp DE now owns 33,039 shares of the company’s stock valued at $555,000 after buying an additional 1,024 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 valued at $246,000 after buying an additional 1,125 shares during the last quarter.

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.