Private Advisor Group LLC Acquires Shares of 22,364 Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Private Advisor Group LLC acquired a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,364 shares of the company’s stock, valued at approximately $345,000.

Several other hedge funds also recently bought and sold shares of LGI. GPS Wealth Strategies Group LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth $45,000. Centaurus Financial Inc. grew its position in shares of Lazard Global Total Return and Income Fund by 15.8% during the 1st quarter. Centaurus Financial Inc. now owns 7,368 shares of the company’s stock worth $132,000 after buying an additional 1,006 shares in the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the 3rd quarter worth $266,000. IFP Advisors Inc grew its position in shares of Lazard Global Total Return and Income Fund by 47.9% during the 4th quarter. IFP Advisors Inc now owns 15,025 shares of the company’s stock worth $279,000 after buying an additional 4,864 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Lazard Global Total Return and Income Fund by 54.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,625 shares of the company’s stock worth $280,000 after buying an additional 7,314 shares in the last quarter.

Lazard Global Total Return and Income Fund Price Performance

LGI opened at $14.76 on Tuesday. Lazard Global Total Return and Income Fund, Inc. has a 12-month low of $13.07 and a 12-month high of $16.61. The business’s fifty day simple moving average is $15.26 and its 200-day simple moving average is $15.12.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.0934 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Monday, September 11th.

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.