JPMorgan Global Emerg Mkts (LON:JEMI) Shares Cross Above Fifty Day Moving Average - Should You Sell?

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 133.51 ($1.73) and traded as high as GBX 138 ($1.79). JPMorgan Global Emerg Mkts shares last traded at GBX 134.75 ($1.75), with a volume of 403,153 shares changing hands.

JPMorgan Global Emerg Mkts Trading Up 1.5 %

The firm's fifty day moving average price is GBX 133.54 and its 200-day moving average price is GBX 134.11. The firm has a market cap of £403.90 million and a price-to-earnings ratio of -3,412.50.

JPMorgan Global Emerg Mkts Increases Dividend

The business also recently announced a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a GBX 2.40 ($0.03) dividend. This is a boost from JPMorgan Global Emerg Mkts's previous dividend of $1.00. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 1.83%. JPMorgan Global Emerg Mkts's dividend payout ratio is presently -12,500.00%.

Insider Buying and Selling

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of GBX 126 ($1.64) per share, for a total transaction of £18,900 ($24,539.08). 3.65% of the stock is owned by company insiders.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.