JPMorgan China Growth & Income (LON:JCGI) Reaches New 1-Year High – Here’s What Happened

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

JPMorgan China Growth & Income Stock Up 3.1 %

The company has a market capitalization of £233.93 million, a PE ratio of 37.04 and a beta of 0.47. The company’s 50 day moving average is GBX 241.02 and its two-hundred day moving average is GBX 227.55.

JPMorgan China Growth & Income Announces Dividend

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

Insiders Place Their Bets

In related news, insider Nicholas Bannerman acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of GBX 223 ($2.88) per share, for a total transaction of £11,150 ($14,413.13). Also, insider Alexandra Mackesy acquired 7,375 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of GBX 267 ($3.45) per share, with a total value of £19,691.25 ($25,454.05). Corporate insiders own 1.23% of the company’s stock.

JPMorgan China Growth & Income Company Profile

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.