Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.67 and traded as low as $17.54. Lazard Global Total Return and Income Fund shares last traded at $17.6510, with a volume of 35,070 shares trading hands.

Lazard Global Total Return and Income Fund Trading Down 0.5%

The company’s 50 day moving average is $17.58 and its 200-day moving average is $17.67.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 11th will be given a $0.1534 dividend. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date is Monday, May 11th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC acquired a new position in shares of Lazard Global Total Return and Income Fund in the fourth quarter valued at about $38,000. Commonwealth Equity Services LLC purchased a new stake in Lazard Global Total Return and Income Fund during the fourth quarter valued at about $188,000. &PARTNERS bought a new stake in shares of Lazard Global Total Return and Income Fund during the fourth quarter valued at about $200,000. Cary Street Partners Financial LLC bought a new stake in shares of Lazard Global Total Return and Income Fund during the fourth quarter valued at about $203,000. Finally, Ameriprise Financial Inc. increased its position in shares of Lazard Global Total Return and Income Fund by 8.3% in the second quarter. Ameriprise Financial Inc. now owns 14,613 shares of the company’s stock worth $246,000 after purchasing an additional 1,125 shares during the last quarter.

About Lazard Global Total Return and Income Fund

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.