Shaker Financial Services LLC Makes New Investment in Lazard Global Total Return and Income Fund, Inc. $LGI

Shaker Financial Services LLC bought a new stake in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 51,320 shares of the company’s stock, valued at approximately $873,000.

Several other large investors have also recently added to or reduced their stakes in LGI. Integrated Wealth Concepts LLC purchased a new stake in Lazard Global Total Return and Income Fund in the 2nd quarter valued at about $115,000. Western Wealth Management LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 1st quarter worth about $47,000. CoreCap Advisors LLC lifted its holdings in shares of Lazard Global Total Return and Income Fund by 11.9% during the 3rd quarter. CoreCap Advisors LLC now owns 17,701 shares of the company’s stock worth $301,000 after acquiring an additional 1,886 shares during the period. Royal Bank of Canada boosted its position in shares of Lazard Global Total Return and Income Fund by 1.5% in the first quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock worth $1,802,000 after acquiring an additional 1,696 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Lazard Global Total Return and Income Fund by 2.3% in the first quarter. Bank of America Corp DE now owns 31,799 shares of the company’s stock worth $512,000 after acquiring an additional 726 shares during the last quarter.

Lazard Global Total Return and Income Fund Price Performance

Lazard Global Total Return and Income Fund stock traded down $0.17 during trading on Wednesday, reaching $16.65. The company had a trading volume of 16,528 shares, compared to its average volume of 45,863. Lazard Global Total Return and Income Fund, Inc. has a 12-month low of $15.32 and a 12-month high of $19.88. The stock’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $17.79.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 22nd. Investors of record on Tuesday, October 13th will be given a $0.1534 dividend. This represents a $1.84 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Tuesday, October 13th.

Lazard Global Total Return and Income Fund Profile

Lazard Global Total Return and Income Fund (NYSE:LGI) is a diversified closed-end investment fund advised by Lazard Asset Management. Rather than operating as a traditional company, the fund invests in a global portfolio of securities with the objective of providing total return through a combination of current income and long-term capital appreciation.

The fund may invest across international markets and asset classes, including equity and fixed-income securities. Its portfolio can include securities issued by companies and governments in the United States and other countries, giving shareholders exposure to a range of geographies, industries and currencies.