Financial Investment Management Group Ltd Lowers stake in Lazard World Dividend & Income Fund Inc (LOR)

Lazard World Dividend & Income Fund Inc (LOR) : Financial Investment Management Group Ltd reduced its stake in Lazard World Dividend & Income Fund Inc by 0.66% during the most recent quarter end. The investment management company now holds a total of 186,709 shares of Lazard World Dividend & Income Fund Inc which is valued at $1,824,147 after selling 1,232 shares in Lazard World Dividend & Income Fund Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Lazard World Dividend & Income Fund Inc makes up approximately 0.62% of Financial Investment Management Group Ltd’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in LOR in the latest quarter, The investment management firm added 6,231 additional shares and now holds a total of 9,555 shares of Lazard World Dividend & Income Fund Inc which is valued at $93,066.

Lazard World Dividend & Income Fund Inc opened for trading at $9.8 and hit $9.86 on the upside on Friday, eventually ending the session at $9.77, with a gain of 0.31% or 0.03 points. The heightened volatility saw the trading volume jump to 5,917 shares. Company has a market cap of $64 M.

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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