JPMorgan China Growth & Income (LON:JCGI) Sets New 52-Week High - Still a Buy?

Key Points

• JPMorgan China Growth & Income plc's stock reached a new 52-week high of GBX 305 ($4.09), up 1.7% from its previous close.
• Insider Alexandra Mackesy purchased 59,675 shares at an average price of GBX 258, while Nicholas Bannerman bought 12,000 shares at GBX 256, indicating confidence from company insiders.
• The company focuses on investing in Chinese firms capitalizing on the country's transition to a more consumer-driven economy, aiming to deliver predictable quarterly income distributions.

JPMorgan China Growth & Income plc (LON:JCGI - )'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 305 ($4.09) and last traded at GBX 303 ($4.06), with a volume of 130334 shares trading hands. The stock had previously closed at GBX 298 ($4.00).

JPMorgan China Growth & Income Stock Up 1.7%

The stock has a 50-day simple moving average of GBX 267.13 and a two-hundred day simple moving average of GBX 246.99. The firm has a market cap of £251.70 million, a PE ratio of 547.82 and a beta of 0.47.

Insider Transactions at JPMorgan China Growth & Income

In other news, insider Alexandra Mackesy purchased 59,675 shares of the stock in a transaction on Tuesday, July 29th. The shares were acquired at an average price of GBX 258 per share, for a total transaction of £153,961.50. Also, insider Nicholas Bannerman purchased 12,000 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price 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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