JPMorgan Global Emerg Mkts (LON:JEMI) Shares Cross Above 50 Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 133.50 ($1.73) and traded as high as GBX 136 ($1.76). JPMorgan Global Emerg Mkts shares last traded at GBX 133.50 ($1.73), with a volume of 477,611 shares.

JPMorgan Global Emerg Mkts Stock Performance

The company’s fifty day moving average price is GBX 133.50 and its 200 day moving average price is GBX 134.13. The firm has a market capitalization of £395.03 million and a price-to-earnings ratio of -3,337.50.

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 dividend of GBX 2.40 ($0.03) per share. The ex-dividend date was Thursday, September 12th. This is a positive change from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. This represents a dividend yield of 1.83%. JPMorgan Global Emerg Mkts’s dividend payout ratio is -12,500.00%.

Insider Buying and Selling

In other news, insider Lucy Macdonald purchased 15,000 shares of the stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of GBX 126 ($1.63) per share, for a total transaction of £18,900 ($24,510.44). Company insiders own 3.65% of the company’s stock.

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.