JPMorgan Global Emerg Mkts (LON:JEMI) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• JPMorgan Global Emerg Mkts shares recently surpassed their 50-day moving average, trading at GBX 152 ($2.01) with significant volume.
• The firm has a market cap of £417.15 million and a P/E ratio of 16.96, indicating strong financial metrics.
• This trust aims for a higher dividend yield than average emerging market companies while also seeking growth from sustainable businesses.

Shares of JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 145.56 ($1.93) and traded as high as GBX 152.56 ($2.03). JPMorgan Global Emerg Mkts shares last traded at GBX 152 ($2.02), with a volume of 724,418 shares trading hands.

JPMorgan Global Emerg Mkts Trading Up 0.7%

The stock's 50 day moving average price is GBX 146.19 and its 200 day moving average price is GBX 137.95. The firm has a market cap of £418.77 million and a PE ratio of 17.03.

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.