JPMorgan China Growth & Income (LON:JCGI) Trading 0.4% Higher After Insider Buying Activity

Key Points

• JPMorgan China Growth & Income plc (LON:JCGI) saw a 0.4% increase in stock price following recent insider buying, with approximately 105,803 shares traded on Thursday.
• Insider Nicholas Bannerman purchased 12,000 shares at an average price of GBX 256 ($3.44), totaling £30,720 ($41,312.53).
• The company aims to invest in companies benefiting from China's transition to a consumer-driven economy while delivering a predictable quarterly income distribution.

JPMorgan China Growth & Income plc (LON:JCGI - Get Free Report) was up 0.4% on Thursday following insider buying activity. The company traded as high as GBX 258.50 ($3.48) and last traded at GBX 254.50 ($3.42). Approximately 105,803 shares changed hands during trading, a decline of 51% from the average daily volume of 216,037 shares. The stock had previously closed at GBX 253.50 ($3.41).

Specifically, insider Nicholas Bannerman acquired 12,000 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of GBX 256 ($3.44) per share, for a total transaction of £30,720 ($41,312.53).

JPMorgan China Growth & Income Stock Performance

The company's fifty day simple moving average is GBX 239.94 and its two-hundred day simple moving average is GBX 240.50. The stock has a market capitalization of £212.63 million, a PE ratio of 33.66 and a beta of 0.47.

JPMorgan China Growth & Income (LON:JCGI - Get Free Report) last issued its quarterly earnings results on Monday, June 2nd. The company reported GBX 0.14 ($0.00) earnings per share (EPS) for the quarter. JPMorgan China Growth & Income had a return on equity of 2.99% and a net margin of 72.25%.

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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