JPMorgan China Growth & Income (LON:JCGI) Reaches New 1-Year High - Here's Why

Key Points

• JPMorgan China Growth & Income plc (LON:JCGI) reached a new 52-week high, trading at GBX 313 ($4.22), with a total market capitalization of £256.26 million.
• Insider transactions indicate confidence in the company, with two insiders purchasing shares at an average price of GBX 258 and GBX 256.
• The company focuses on investing in Chinese firms transitioning to a consumer-driven economy, aiming to deliver predictable quarterly income distributions.

JPMorgan China Growth & Income plc (LON:JCGI - ) hit a new 52-week high on Monday . The stock traded as high as GBX 313 ($4.22) and last traded at GBX 308.50 ($4.16), with a volume of 216241 shares changing hands. The stock had previously closed at GBX 311 ($4.19).

JPMorgan China Growth & Income Price Performance

The business's fifty day moving average price is GBX 272.72 and its 200-day moving average price is GBX 248.02. The stock has a market capitalization of £256.26 million, a PE ratio of 557.77 and a beta of 0.47.

Insider Transactions at JPMorgan China Growth & Income

In other JPMorgan China Growth & Income news, insider Alexandra Mackesy bought 59,675 shares of JPMorgan China Growth & Income stock in a transaction that occurred on Tuesday, July 29th. The shares were bought at an average price of GBX 258 per share, with a total value of £153,961.50. Also, insider Nicholas Bannerman acquired 12,000 shares of JPMorgan China Growth & Income stock in a transaction dated Wednesday, August 6th. The shares were bought at an average cost of GBX 256 per share, for a total transaction of £30,720. Company 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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