Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Pass Above 50-Day Moving Average – Should You Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.23 and traded as high as $18.45. Lazard Global Total Return and Income Fund shares last traded at $18.4040, with a volume of 74,947 shares trading hands.

Lazard Global Total Return and Income Fund Stock Up 0.6%

The stock has a 50 day simple moving average of $18.23 and a 200-day simple moving average of $18.01.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Monday, August 10th will be paid a $0.1534 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 10.0%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new stake in Lazard Global Total Return and Income Fund during the 4th quarter valued at $38,000. Western Wealth Management LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 1st quarter valued at about $47,000. Commonwealth Equity Services LLC purchased a new position in Lazard Global Total Return and Income Fund in the fourth quarter worth $188,000. &PARTNERS purchased a new position in Lazard Global Total Return and Income Fund during the 4th quarter worth $200,000. Finally, Cary Street Partners Financial LLC purchased a new position in Lazard Global Total Return and Income Fund during the 4th quarter worth $203,000.

Lazard Global Total Return and Income Fund Company Profile

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.