Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in shares of Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 1.8% during the fourth quarter, HoldingsChannel reports. The firm owned 161,412 shares of the company’s stock after buying an additional 2,900 shares during the period. LPL Financial LLC’s holdings in Lazard Global Total Return and Income Fund were worth $2,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in Lazard Global Total Return and Income Fund by 9.6% in the 3rd quarter. Stifel Financial Corp now owns 83,928 shares of the company’s stock worth $1,522,000 after buying an additional 7,328 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Lazard Global Total Return and Income Fund during the third quarter worth approximately $260,000. Mezzasalma Advisors LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the fourth quarter worth $512,000. Wolverine Asset Management LLC bought a new stake in shares of Lazard Global Total Return and Income Fund in the 4th quarter worth about $779,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Lazard Global Total Return and Income Fund during the 4th quarter valued at approximately $5,393,000.

Lazard Global Total Return and Income Fund Stock Up 1.2 %

NYSE LGI opened at $14.31 on Monday. Lazard Global Total Return and Income Fund, Inc. has a one year low of $13.35 and a one year high of $18.23. The company has a 50-day simple moving average of $15.82 and a 200-day simple moving average of $16.43.

Lazard Global Total Return and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.1465 per share. This represents a $1.76 annualized dividend and a dividend yield of 12.29%. The ex-dividend date is Thursday, April 10th.

About Lazard Global Total Return and Income Fund

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.