Raymond James & Associates Raises Stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Raymond James & Associates boosted its holdings in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 19.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 588,950 shares of the company’s stock after purchasing an additional 96,429 shares during the quarter. Raymond James & Associates’ holdings in Lazard Global Total Return and Income Fund were worth $9,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LGI. International Assets Investment Management LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth approximately $61,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Lazard Global Total Return and Income Fund by 14.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 70,913 shares of the company’s stock worth $1,086,000 after acquiring an additional 8,702 shares in the last quarter. Cornerstone Advisors LLC grew its stake in shares of Lazard Global Total Return and Income Fund by 47.9% in the fourth quarter. Cornerstone Advisors LLC now owns 239,394 shares of the company’s stock worth $3,668,000 after acquiring an additional 77,532 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Lazard Global Total Return and Income Fund by 5.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 27,752 shares of the company’s stock valued at $425,000 after acquiring an additional 1,400 shares in the last quarter. Finally, 1607 Capital Partners LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth about $822,000.

Lazard Global Total Return and Income Fund Trading Up 1.3 %

Shares of Lazard Global Total Return and Income Fund stock opened at $17.08 on Monday. Lazard Global Total Return and Income Fund, Inc. has a 1 year low of $12.65 and a 1 year high of $17.12. The firm’s 50-day moving average is $16.64 and its 200 day moving average is $16.25.

Lazard Global Total Return and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Wednesday, September 11th will be paid a $0.1494 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $1.79 annualized dividend and a dividend yield of 10.50%.

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.