Insider Buying: JPMorgan China Growth & Income (LON:JCGI) Insider Buys 6,500 Shares of Company Stock

Key Points

• Insider purchase: JPMorgan China Growth & Income insider Joanne Wong bought 6,500 shares at GBX 239 each, for a total investment of £15,535.
• Stock performance: JCGI shares rose 3.0% to GBX 237 in mid-day trading, while remaining below their 50-day and 200-day moving averages and within a 12-month range of GBX 221 to GBX 307.
• Investment focus: The trust invests in Chinese, Hong Kong and Taiwanese companies benefiting from China’s shift toward a consumer-driven economy, while targeting predictable quarterly income distributions.

JPMorgan China Growth & Income plc (LON:JCGI - ) insider Joanne Wong bought 6,500 shares of the business's stock in a transaction on Wednesday, October 21st. The shares were acquired at an average cost of GBX 239 per share, with a total value of £15,535.

JPMorgan China Growth & Income Stock Up 3.0%

JCGI stock traded up GBX 7 during mid-day trading on Friday, hitting GBX 237. 190,618 shares of the company were exchanged, compared to its average volume of 211,318. The firm has a market capitalization of £185.91 million, a P/E ratio of 7.08 and a beta of 0.83. The business has a fifty day simple moving average of GBX 259.99 and a 200-day simple moving average of GBX 271.56. JPMorgan China Growth & Income plc has a 12-month low of GBX 221 and a 12-month high of GBX 307.

About JPMorgan China Growth & Income

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.

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