JPMorgan Global Emerg Mkts (LON:JEMI) Hits New 1-Year High - Here's What Happened

Key Points

• JPMorgan Global Emerg Mkts Inc shares reached a new 52-week high of GBX 158.90 ($2.14) on Wednesday, reflecting significant trading volume of over 551,000 shares.
• The company offers a diversified income-oriented trust targeting sustainable businesses in emerging markets with promising dividend growth prospects.
• With a market cap of £426.60 million and a notably high P/E ratio of 777.72, this trust aims for a dividend yield surpassing that of the average emerging market company.

JPMorgan Global Emerg Mkts Inc (LON:JEMI - ) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 158.90 ($2.14) and last traded at GBX 158.50 ($2.13), with a volume of 551494 shares changing hands. The stock had previously closed at GBX 157.50 ($2.12).

JPMorgan Global Emerg Mkts Stock Performance

The firm has a market cap of £426.60 million and a P/E ratio of 777.72. The business's 50-day simple moving average is GBX 152.29 and its 200 day simple moving average is GBX 142.92.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Investment Trust plc provides a diversified income-oriented way to tap into the growth potential of global emerging markets. Key points: Expertise - Extensive network of country and sector specialists from one of the longest established emerging market teams in the industry. Portfolio - Focused on finding sustainable businesses that have good dividend growth prospects. Results - Provides a lower risk way to access emerging markets, by investing in stable companies with regular income and good governance structures. Why invest in this trust The trust primarily seeks a dividend yield which is higher than the average emerging market company but also growth companies in this exciting equity sector.

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