JPMorgan Global Emerg Mkts (LON:JEMI) Sets New 12-Month High – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 88.20 ($1.12) and last traded at GBX 138.50 ($1.76), with a volume of 383161 shares traded. The stock had previously closed at GBX 137 ($1.74).

JPMorgan Global Emerg Mkts Stock Performance

The firm’s fifty day simple moving average is GBX 134.86 and its 200-day simple moving average is GBX 133.83. The stock has a market cap of £385.38 million and a P/E ratio of 15.67.

Insider Activity

In other JPMorgan Global Emerg Mkts news, insider Mark Edwards purchased 10,000 shares of JPMorgan Global Emerg Mkts stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of GBX 133 ($1.69) per share, with a total value of £13,300 ($16,856.78). 3.65% of the stock is currently owned by company insiders.

JPMorgan Global Emerg Mkts Company Profile

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets.

Key points:

Expertise – Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry.
Portfolio – Focused on finding sustainable businesses that have good dividend growth prospects.
Results – Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures.

Why invest in this trust

The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.