Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Passes Below Fifty Day Moving Average of $15.11

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $15.11 and traded as low as $14.23. Lazard Global Total Return and Income Fund shares last traded at $14.25, with a volume of 23,507 shares trading hands.

Lazard Global Total Return and Income Fund Stock Down 0.2 %

The stock’s 50 day moving average price is $15.11 and its two-hundred day moving average price is $15.07.

Lazard Global Total Return and Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a dividend of $0.0934 per share. 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 7.86%.

Institutional Trading of Lazard Global Total Return and Income Fund

A number of hedge funds have recently modified their holdings of LGI. Royal Bank of Canada increased its holdings in shares of Lazard Global Total Return and Income Fund by 0.7% during the 1st quarter. Royal Bank of Canada now owns 99,049 shares of the company’s stock valued at $1,772,000 after purchasing an additional 709 shares in the last quarter. United Capital Financial Advisers LLC increased its holdings in Lazard Global Total Return and Income Fund by 2.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 29,665 shares of the company’s stock valued at $434,000 after buying an additional 749 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Lazard Global Total Return and Income Fund by 3.3% in the first quarter. NewEdge Advisors LLC now owns 27,439 shares of the company’s stock worth $409,000 after acquiring an additional 879 shares during the period. Centaurus Financial Inc. boosted its stake 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 acquiring an additional 1,006 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Lazard Global Total Return and Income Fund by 4.2% during the 1st quarter. Bank of America Corp DE now owns 42,705 shares of the company’s stock valued at $659,000 after acquiring an additional 1,702 shares during the period.

About Lazard Global Total Return and Income Fund

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.