Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Down 0.7% – What’s Next?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) were down 0.7% on Friday. The stock traded as low as $16.49 and last traded at $16.5550. 42,546 shares changed hands during trading, a decline of 10% from the average daily volume of 47,166 shares. The stock had previously closed at $16.68.

Lazard Global Total Return and Income Fund Trading Down 0.7%

The stock has a fifty day moving average price of $16.93 and a two-hundred day moving average price of $17.78.

Lazard Global Total Return and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, November 10th will be paid a $0.1534 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $1.84 annualized dividend and a dividend yield of 11.1%.

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

A number of hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of Lazard Global Total Return and Income Fund by 1.5% in the first quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock valued at $1,802,000 after buying an additional 1,696 shares during the period. Shaker Financial Services LLC bought a new position in Lazard Global Total Return and Income Fund during the 3rd quarter worth $873,000. Steward Partners Investment Advisory LLC increased its stake in Lazard Global Total Return and Income Fund by 2.2% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 50,110 shares of the company’s stock worth $853,000 after acquiring an additional 1,100 shares during the period. Flagship Harbor Advisors LLC increased its stake in Lazard Global Total Return and Income Fund by 14.7% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 38,285 shares of the company’s stock worth $652,000 after acquiring an additional 4,921 shares during the period. Finally, Bank of America Corp DE raised 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 valued at $512,000 after acquiring an additional 726 shares in the last quarter.

About Lazard Global Total Return and Income Fund

Lazard Global Total Return and Income Fund, Inc. is a closed-end investment fund listed on the New York Stock Exchange under the symbol LGI. The fund seeks to provide investors with total return through a combination of capital appreciation and current income. LGI invests in a diversified portfolio of global securities, including equity and fixed-income investments. Its holdings may include securities issued by companies and governments in developed and emerging markets, allowing the fund to pursue opportunities across multiple regions, industries and currencies.