JPMorgan China Growth & Income (LON:JCGI) Hits New 52-Week High - What's Next?

Key Points

• JPMorgan China Growth & Income plc (LON:JCGI) reached a new 52-week high, trading at GBX 294.50 ($3.97), with a market cap of £240.48 million.
• Insiders have engaged in buying activity, with purchases by Alexandra Mackesy and Nicholas Bannerman, reflecting confidence in the firm's performance.
• The company focuses on investing in Chinese companies transitioning to a consumer-driven economy, while targeting predictable quarterly income distributions for its investors.

JPMorgan China Growth & Income plc (LON:JCGI - ) shares hit a new 52-week high on Monday . The company traded as high as GBX 294.50 ($3.97) and last traded at GBX 289.50 ($3.90), with a volume of 449053 shares changing hands. The stock had previously closed at GBX 290.50 ($3.91).

JPMorgan China Growth & Income Trading Down 0.3%

The firm has a market cap of £240.48 million, a PE ratio of 523.41 and a beta of 0.47. The business's 50-day simple moving average is GBX 262.14 and its 200 day simple moving average is GBX 245.96.

Insider Buying and Selling at JPMorgan China Growth & Income

In related news, insider Alexandra Mackesy acquired 59,675 shares of the firm's stock in a transaction dated Tuesday, July 29th. The stock was acquired at an average price of GBX 258 per share, with a total value of £153,961.50. Also, insider Nicholas Bannerman purchased 12,000 shares of the business's stock in a transaction that occurred on Wednesday, August 6th. The stock was acquired at an average price of GBX 256 per share, with a total value of £30,720. Insiders own 0.24% 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.

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