JPMorgan China Growth & Income (LON:JCGI) Sets New 1-Year High – What’s Next?

JPMorgan China Growth & Income plc (LON:JCGI)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 280.93 ($3.63) and last traded at GBX 280 ($3.62), with a volume of 405688 shares changing hands. The stock had previously closed at GBX 271.50 ($3.51).

JPMorgan China Growth & Income Stock Up 3.1 %

The stock’s fifty day moving average price is GBX 241.02 and its 200 day moving average price is GBX 227.55. The stock has a market cap of £233.93 million, a PE ratio of 37.04 and a beta of 0.47.

JPMorgan China Growth & Income Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 16th were issued a GBX 2.73 ($0.04) dividend. This represents a yield of 1.27%. The ex-dividend date was Thursday, January 16th. JPMorgan China Growth & Income’s dividend payout ratio is currently 145.51%.

Insider Buying and Selling

In other JPMorgan China Growth & Income news, insider Nicholas Bannerman purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were acquired at an average cost of GBX 223 ($2.88) per share, for a total transaction of £11,150 ($14,413.13). Also, insider Alexandra Mackesy purchased 7,375 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was acquired at an average price of GBX 267 ($3.45) per share, for a total transaction of £19,691.25 ($25,454.05). 1.23% of the stock is currently owned by corporate insiders.

About JPMorgan China Growth & Income

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.