51,320 Shares in Lazard Global Total Return and Income Fund, Inc. $LGI Bought by Shaker Financial Services LLC

Shaker Financial Services LLC bought a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,320 shares of the company’s stock, valued at approximately $873,000.

Other large investors have also added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of Lazard Global Total Return and Income Fund during the first quarter valued at about $47,000. Integrated Wealth Concepts LLC purchased a new position in Lazard Global Total Return and Income Fund in the second quarter valued at about $115,000. CoreCap Advisors LLC boosted its holdings in Lazard Global Total Return and Income Fund by 3.9% in the second quarter. CoreCap Advisors LLC now owns 15,815 shares of the company’s stock valued at $292,000 after purchasing an additional 600 shares during the last quarter. Bank of America Corp DE grew its stake in Lazard Global Total Return and Income Fund by 2.3% during the 1st quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock valued at $512,000 after purchasing an additional 726 shares in the last quarter. Finally, Royal Bank of Canada raised its position in shares of Lazard Global Total Return and Income Fund by 1.5% in the 1st quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock valued at $1,802,000 after purchasing an additional 1,696 shares in the last quarter.

Lazard Global Total Return and Income Fund Stock Performance

Shares of Lazard Global Total Return and Income Fund stock traded down $0.17 on Wednesday, hitting $16.65. 16,528 shares of the company’s stock traded hands, compared to its average volume of 45,863. The firm’s 50-day moving average is $17.79 and its 200 day moving average is $17.79. Lazard Global Total Return and Income Fund, Inc. has a 52-week low of $15.32 and a 52-week high of $19.88.

Lazard Global Total Return and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, October 22nd. Investors of record on Tuesday, October 13th will be issued a $0.1534 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $1.84 annualized dividend and a yield of 11.1%.

About Lazard Global Total Return and Income Fund

Lazard Global Total Return and Income Fund (NYSE:LGI) is a diversified closed-end investment fund advised by Lazard Asset Management. Rather than operating as a traditional company, the fund invests in a global portfolio of securities with the objective of providing total return through a combination of current income and long-term capital appreciation.

The fund may invest across international markets and asset classes, including equity and fixed-income securities. Its portfolio can include securities issued by companies and governments in the United States and other countries, giving shareholders exposure to a range of geographies, industries and currencies.