JPMorgan Global Emerg Mkts (LON:JEMI) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Key Points

• JPMorgan Global Emerg Mkts shares have recently traded above their 50-day moving average at GBX 151 ($2.03), indicating positive market momentum.
• The investment trust focuses on generating a higher dividend yield than the average emerging market company while also seeking growth opportunities.
• With a market capitalization of £420.16 million and a P/E ratio of 17.09, the firm emphasizes stability through investments in well-governed companies.

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 146.95 ($1.98) and traded as high as GBX 155.50 ($2.10). JPMorgan Global Emerg Mkts shares last traded at GBX 151 ($2.04), with a volume of 163,420 shares.

JPMorgan Global Emerg Mkts Stock Performance

The company's 50 day simple moving average is GBX 147.40 and its 200 day simple moving average is GBX 138.58. The stock has a market cap of £422.94 million and a price-to-earnings ratio of 17.20.

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.