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

Shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.38 and traded as high as $18.39. Lazard Global Total Return and Income Fund shares last traded at $18.15, with a volume of 23,293 shares traded.

Lazard Global Total Return and Income Fund Price Performance

The firm has a 50-day moving average price of $18.38 and a two-hundred day moving average price of $18.00.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 10th will be given a $0.1534 dividend. This represents a c) annualized dividend and a yield of 10.1%. The ex-dividend date is Thursday, September 10th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new stake in Lazard Global Total Return and Income Fund during the fourth quarter worth about $38,000. Western Wealth Management LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 1st quarter worth approximately $47,000. Commonwealth Equity Services LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth approximately $188,000. &PARTNERS acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter worth approximately $200,000. Finally, 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 approximately $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.