Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 58.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,127 shares of the company’s stock after selling 343,823 shares during the period. Raymond James & Associates’ holdings in Lazard Global Total Return and Income Fund were worth $4,447,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LGI. Sanctuary Advisors LLC acquired a new position in Lazard Global Total Return and Income Fund during the 2nd quarter worth $698,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Lazard Global Total Return and Income Fund in the 1st quarter valued at about $395,000. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in shares of Lazard Global Total Return and Income Fund by 82.1% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 21,113 shares of the company’s stock valued at $352,000 after buying an additional 9,520 shares during the period.

Lazard Global Total Return and Income Fund Stock Down 0.7 %

NYSE LGI opened at $16.62 on Friday. Lazard Global Total Return and Income Fund, Inc. has a one year low of $13.27 and a one year high of $18.23. The company has a 50-day simple moving average of $17.42 and a 200-day simple moving average of $16.78.

Lazard Global Total Return and Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th will be issued a $0.1494 dividend. The ex-dividend date is Tuesday, November 12th. This is a positive change from Lazard Global Total Return and Income Fund’s previous monthly dividend of $0.12. This represents a $1.79 annualized dividend and a dividend yield of 10.79%.

Lazard Global Total Return and Income Fund Profile

Lazard Global Total Return and Income Fund, Inc is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion.