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

JPMorgan Global Emerg Mkts Inc (LON:JEMI) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 132.71 ($1.74) and traded as high as GBX 138.95 ($1.82). JPMorgan Global Emerg Mkts shares last traded at GBX 137.50 ($1.80), with a volume of 384,430 shares changing hands.

JPMorgan Global Emerg Mkts Price Performance

The company’s 50 day simple moving average is GBX 132.71 and its 200 day simple moving average is GBX 133.76. The stock has a market cap of £405.38 million and a P/E ratio of -3,437.50.

JPMorgan Global Emerg Mkts Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be given a GBX 2.40 ($0.03) dividend. The ex-dividend date is Thursday, September 12th. This represents a dividend yield of 1.83%. This is a boost from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. JPMorgan Global Emerg Mkts’s dividend payout ratio is currently -12,500.00%.

Insiders Place Their Bets

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 shares were acquired at an average price of GBX 126 ($1.65) per share, for a total transaction of £18,900 ($24,734.98). Corporate 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.