LPL Financial LLC Sells 19,330 Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

LPL Financial LLC reduced its position in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 9.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 186,672 shares of the company’s stock after selling 19,330 shares during the quarter. LPL Financial LLC’s holdings in Lazard Global Total Return and Income Fund were worth $2,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of LGI. GPS Wealth Strategies Group LLC bought a new stake in Lazard Global Total Return and Income Fund during the 1st quarter valued at about $45,000. Centaurus Financial Inc. grew its stake in shares of Lazard Global Total Return and Income Fund by 15.8% in the first quarter. Centaurus Financial Inc. now owns 7,368 shares of the company’s stock worth $132,000 after acquiring an additional 1,006 shares during the period. Commonwealth Equity Services LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the third quarter worth approximately $266,000. IFP Advisors Inc grew its stake in shares of Lazard Global Total Return and Income Fund by 47.9% in the fourth quarter. IFP Advisors Inc now owns 15,025 shares of the company’s stock worth $279,000 after acquiring an additional 4,864 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in shares of Lazard Global Total Return and Income Fund by 54.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 20,625 shares of the company’s stock worth $280,000 after acquiring an additional 7,314 shares during the period.

Lazard Global Total Return and Income Fund Trading Down 0.6 %

Shares of LGI stock opened at $14.67 on Wednesday. The company has a 50 day moving average price of $15.25 and a 200-day moving average price of $15.12. Lazard Global Total Return and Income Fund, Inc. has a 52 week low of $13.07 and a 52 week high of $16.61.

Lazard Global Total Return and Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be paid a $0.0934 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.64%.

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.