Shaker Financial Services Lowers stake in Lazard World Dividend & Income Fund Inc (LOR)

Lazard World Dividend & Income Fund Inc (LOR) : Shaker Financial Services reduced its stake in Lazard World Dividend & Income Fund Inc by 33.93% during the most recent quarter end. The investment management company now holds a total of 166,309 shares of Lazard World Dividend & Income Fund Inc which is valued at $1,584,925 after selling 85,390 shares in Lazard World Dividend & Income Fund Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Lazard World Dividend & Income Fund Inc makes up approximately 1.07% of Shaker Financial Services’s portfolio.

Other Hedge Funds, Including , Financial Investment Management Group Ltd boosted its stake in LOR in the latest quarter, The investment management firm added 17,860 additional shares and now holds a total of 187,941 shares of Lazard World Dividend & Income Fund Inc which is valued at $1,813,631. Lazard World Dividend & Income Fund Inc makes up approx 0.52% of Financial Investment Management Group Ltd’s portfolio.Msi Financial Services Inc boosted its stake in LOR in the latest quarter, The investment management firm added 3,268 additional shares and now holds a total of 3,324 shares of Lazard World Dividend & Income Fund Inc which is valued at $31,844.Deschutes Portfolio Strategy boosted its stake in LOR in the latest quarter, The investment management firm added 74,626 additional shares and now holds a total of 379,900 shares of Lazard World Dividend & Income Fund Inc which is valued at $3,578,658. Lazard World Dividend & Income Fund Inc makes up approx 1.91% of Deschutes Portfolio Strategy’s portfolio.

Lazard World Dividend & Income Fund Inc closed down -0.03 points or -0.31% at $9.5 with 8,082 shares getting traded on Thursday. Post opening the session at $9.57, the shares hit an intraday low of $9.5 and an intraday high of $9.58 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Lazard World Dividend & Income Fund Inc. (the Fund) is a diversified closed-end management investment company. The Fund’s investment objective is total return through a combination of dividends income and capital appreciation. The Fund’s world equity portfolio is typically invested in 60 to 90 securities broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund’s invests in automotive; banking; construction and engineering; energy services; financial services; household and personal products; leisure and entertainment; insurance; pharmaceutical and biotechnology; real estate; technology hardware; telecommunications; commercial services and transportation among others. The other sectors in the portfolio include consumer discretionary consumer staples health care industrials materials and utilities. The Fund’s Investment Manager is Lazard Asset Management LLC (Lazard).

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