Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Passes Below 50-Day Moving Average – Should You Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.45 and traded as low as $16.54. Lazard Global Total Return and Income Fund shares last traded at $16.63, with a volume of 82,322 shares trading hands.

Lazard Global Total Return and Income Fund Trading Down 2.6%

The stock has a fifty day moving average of $18.45 and a 200-day moving average of $17.79.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.1534 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 11.1%.

Hedge Funds Weigh In On Lazard Global Total Return and Income Fund

Several institutional investors have recently bought and sold shares of LGI. Allworth Financial LP bought a new position in Lazard Global Total Return and Income Fund in the second quarter worth approximately $34,000. Kestra Advisory Services LLC bought a new stake in Lazard Global Total Return and Income Fund during the 4th quarter valued at $38,000. Commonwealth Equity Services LLC purchased a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter valued at $188,000. &PARTNERS bought a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth $200,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Lazard Global Total Return and Income Fund in 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.