Bank of America Corp DE Reduces Stock Holdings in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Bank of America Corp DE lowered its position in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) by 6.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,398 shares of the company’s stock after selling 2,420 shares during the period. Bank of America Corp DE’s holdings in Lazard Global Total Return and Income Fund were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Lazard Global Total Return and Income Fund during the fourth quarter valued at $5,393,000. LPL Financial LLC boosted its stake in shares of Lazard Global Total Return and Income Fund by 1.8% during the fourth quarter. LPL Financial LLC now owns 161,412 shares of the company’s stock valued at $2,579,000 after acquiring an additional 2,900 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Lazard Global Total Return and Income Fund by 2.2% during the fourth quarter. Stifel Financial Corp now owns 85,751 shares of the company’s stock valued at $1,370,000 after acquiring an additional 1,823 shares during the last quarter. Guggenheim Capital LLC boosted its stake in shares of Lazard Global Total Return and Income Fund by 63.6% during the fourth quarter. Guggenheim Capital LLC now owns 81,970 shares of the company’s stock valued at $1,310,000 after acquiring an additional 31,855 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Lazard Global Total Return and Income Fund by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 80,563 shares of the company’s stock valued at $1,287,000 after acquiring an additional 1,496 shares during the last quarter.

Lazard Global Total Return and Income Fund Stock Down 0.4%

LGI opened at $16.41 on Wednesday. Lazard Global Total Return and Income Fund, Inc. has a 52 week low of $13.35 and a 52 week high of $18.23. The business’s fifty day simple moving average is $15.34 and its 200 day simple moving average is $15.96.

Lazard Global Total Return and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.1465 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date is Tuesday, June 10th.

Lazard Global Total Return and Income Fund Company 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.