JPMorgan China Growth & Income (LON:JCGI) Sets New 12-Month High - Here's Why

JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 280.93 ($3.64) and last traded at GBX 280 ($3.63), with a volume of 405688 shares. The stock had previously closed at GBX 271.50 ($3.52).

JPMorgan China Growth & Income Trading Down 1.7 %

The company has a fifty day simple moving average of GBX 245.92 and a 200-day simple moving average of GBX 230.06. The stock has a market cap of £222.99 million, a price-to-earnings ratio of 35.31 and a beta of 0.47.

JPMorgan China Growth & Income Announces Dividend

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

Insiders Place Their Bets

In related news, insider Alexandra Mackesy purchased 7,375 shares of JPMorgan China Growth & Income stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of GBX 267 ($3.46) per share, with a total value of £19,691.25 ($25,533.26). Also, insider Nicholas Bannerman acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of GBX 223 ($2.89) per share, for a total transaction of £11,150 ($14,457.99). Corporate insiders own 1.23% of the company's stock.

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.

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