Lazard Global Total Return and Income Fund (NYSE:LGI) Shares Pass Above 50-Day Moving Average – Time to Sell?

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $18.10 and traded as high as $18.53. Lazard Global Total Return and Income Fund shares last traded at $18.36, with a volume of 20,809 shares traded.

Lazard Global Total Return and Income Fund Stock Performance

The firm’s 50 day simple moving average is $18.13 and its 200 day simple moving average is $17.96.

Lazard Global Total Return and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Friday, July 10th will be issued a dividend of $0.1534 per share. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Friday, July 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC purchased a new stake in Lazard Global Total Return and Income Fund in the fourth quarter valued at $38,000. Western Wealth Management LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 1st quarter valued at about $47,000. Commonwealth Equity Services LLC purchased a new position in shares of Lazard Global Total Return and Income Fund during the 4th quarter valued at about $188,000. &PARTNERS acquired a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter valued at about $200,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Lazard Global Total Return and Income Fund in the 4th quarter valued at about $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.