LPL Financial LLC Decreases Position in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI)

Posted by Defense World Staff on Sep 6th, 2023

LPL Financial LLC trimmed its holdings in Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI – Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,672 shares of the company’s stock after selling 19,330 shares during the quarter. LPL Financial LLC’s holdings in Lazard Global Total Return and Income Fund were worth $2,880,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Royal Bank of Canada lifted its stake in Lazard Global Total Return and Income Fund by 0.7% in the 1st quarter. Royal Bank of Canada now owns 99,049 shares of the company’s stock worth $1,772,000 after purchasing an additional 709 shares in the last quarter. United Capital Financial Advisers LLC lifted its stake in Lazard Global Total Return and Income Fund by 2.6% in the 4th quarter. United Capital Financial Advisers LLC now owns 29,665 shares of the company’s stock worth $434,000 after purchasing an additional 749 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Lazard Global Total Return and Income Fund by 15.8% in the 1st quarter. Centaurus Financial Inc. now owns 7,368 shares of the company’s stock worth $132,000 after purchasing an additional 1,006 shares in the last quarter. GPS Wealth Strategies Group LLC purchased a new position in Lazard Global Total Return and Income Fund in the 1st quarter worth approximately $45,000. Finally, Morgan Stanley lifted its stake in Lazard Global Total Return and Income Fund by 1.1% in the 4th quarter. Morgan Stanley now owns 276,658 shares of the company’s stock worth $4,050,000 after purchasing an additional 2,950 shares in the last quarter.

Lazard Global Total Return and Income Fund Price Performance

LGI opened at $14.67 on Wednesday. The company’s 50 day simple moving average is $15.25 and its two-hundred day simple moving average is $15.12. Lazard Global Total Return and Income Fund, Inc. has a 1-year low of $13.07 and a 1-year high of $16.61.

Lazard Global Total Return and Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.0934 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.64%. The ex-dividend date is Monday, September 11th.

Lazard Global Total Return and Income Fund Company Profile

(Free Report)

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.