Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.39 and traded as low as $16.09. Lazard Global Total Return and Income Fund shares last traded at $16.16, with a volume of 42,510 shares.

Lazard Global Total Return and Income Fund Price Performance

The company has a 50-day simple moving average of $16.37 and a 200-day simple moving average of $16.82.

Lazard Global Total Return and Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Friday, January 10th will be issued a dividend of $0.1494 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.79 dividend on an annualized basis and a yield of 10.87%. This is an increase from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Benjamin Edwards Inc. acquired a new stake in Lazard Global Total Return and Income Fund in the third quarter valued at $1,469,000. Sanctuary Advisors LLC purchased a new position in Lazard Global Total Return and Income Fund during the 2nd quarter valued at about $698,000. Wilmington Savings Fund Society FSB acquired a new position in Lazard Global Total Return and Income Fund during the third quarter worth about $260,000. Finally, Stifel Financial Corp lifted its holdings in shares of Lazard Global Total Return and Income Fund by 9.6% in the third quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock valued at $1,522,000 after purchasing an additional 7,328 shares in the last quarter.

Lazard Global Total Return and Income Fund Company Profile

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.