JPMorgan Global Emerg Mkts (LON:JEMI) Stock Crosses Above Fifty Day Moving Average of $132.59

JPMorgan Global Emerg Mkts Inc (LON:JEMI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 132.59 ($1.75) and traded as high as GBX 134.50 ($1.78). JPMorgan Global Emerg Mkts shares last traded at GBX 130 ($1.72), with a volume of 238,585 shares.

JPMorgan Global Emerg Mkts Price Performance

The firm has a market capitalization of £384.67 million and a PE ratio of -3,250.00. The business’s 50 day moving average is GBX 132.59 and its two-hundred day moving average is GBX 133.44.

JPMorgan Global Emerg Mkts Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be issued a GBX 2.40 ($0.03) dividend. This is a boost from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. This represents a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, September 12th. 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 acquired 15,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of GBX 126 ($1.66) per share, with a total value of £18,900 ($24,966.97). 3.65% of the stock is currently owned by corporate insiders.

About JPMorgan Global Emerg Mkts

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.