Lazard Global Total Return and Income Fund (NYSE:LGI) Stock Falls 0.7% – Here’s Why

Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) dropped 0.7% on Friday. The stock traded as low as $16.49 and last traded at $16.5550. Approximately 42,546 shares were traded during trading, a decline of 10% from the average session volume of 47,166 shares. The stock had previously closed at $16.68.

Lazard Global Total Return and Income Fund Trading Down 0.7%

The company has a fifty day moving average of $16.93 and a two-hundred day moving average of $17.78.

Lazard Global Total Return and Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, November 10th will be paid a $0.1534 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $1.84 annualized dividend and a dividend yield of 11.1%.

Institutional Investors Weigh In On Lazard Global Total Return and Income Fund

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its position in Lazard Global Total Return and Income Fund by 1.5% in the 1st quarter. Royal Bank of Canada now owns 112,008 shares of the company’s stock worth $1,802,000 after purchasing an additional 1,696 shares during the period. Shaker Financial Services LLC bought a new position in shares of Lazard Global Total Return and Income Fund during the third quarter valued at approximately $873,000. Steward Partners Investment Advisory LLC grew its stake in shares of Lazard Global Total Return and Income Fund by 2.2% during the third quarter. Steward Partners Investment Advisory LLC now owns 50,110 shares of the company’s stock valued at $853,000 after buying an additional 1,100 shares during the last quarter. Flagship Harbor Advisors LLC grew its stake in shares of Lazard Global Total Return and Income Fund by 14.7% during the third quarter. Flagship Harbor Advisors LLC now owns 38,285 shares of the company’s stock valued at $652,000 after buying an additional 4,921 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings 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 buying an additional 726 shares during the period.

Lazard Global Total Return and Income Fund Company Profile

Lazard Global Total Return and Income Fund, Inc. is a closed-end investment fund listed on the New York Stock Exchange under the symbol LGI. The fund seeks to provide investors with total return through a combination of capital appreciation and current income. LGI invests in a diversified portfolio of global securities, including equity and fixed-income investments. Its holdings may include securities issued by companies and governments in developed and emerging markets, allowing the fund to pursue opportunities across multiple regions, industries and currencies.