JPMorgan China Growth & Income (LON:JCGI) Trading 0.9% Higher - Here's What Happened

Key Points

• Shares of JPMorgan China Growth & Income plc increased by 0.9% on Monday, trading at GBX 283 ($3.79) after reaching a peak of GBX 286.50 ($3.84).
• The company has a market cap of £235.08 million and specializes in investing in Chinese companies transitioning to a consumer-driven economy.
• Insider transactions included a purchase of 59,675 shares by Alexandra Mackesy, and 12,000 shares by Nicholas Bannerman, indicating confidence in the company's future.

Shares of JPMorgan China Growth & Income plc (LON:JCGI - ) shot up 0.9% during mid-day trading on Monday . The company traded as high as GBX 286.50 ($3.84) and last traded at GBX 283 ($3.79). 229,653 shares were traded during trading, an increase of 3% from the average session volume of 223,155 shares. The stock had previously closed at GBX 280.50 ($3.76).

JPMorgan China Growth & Income Stock Performance

The firm has a market cap of £235.08 million, a price-to-earnings ratio of 5.12 and a beta of 0.47. The business has a 50 day simple moving average of GBX 282.06 and a 200-day simple moving average of GBX 251.02.

Insider Transactions at JPMorgan China Growth & Income

In related news, insider Alexandra Mackesy purchased 59,675 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average price of GBX 258 per share, for a total transaction of £153,961.50. Also, insider Nicholas Bannerman bought 12,000 shares of the company's stock in a transaction on Wednesday, August 6th. The shares were purchased at an average cost of GBX 256 per share, for a total transaction of £30,720. 0.24% of the stock is currently owned by insiders.

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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