JPMorgan Global Emerg Mkts (LON:JEMI) Share Price Passes Above 50 Day Moving Average - Here's What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI - Get Free Report)'s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 144.61 ($1.94) and traded as high as GBX 151.50 ($2.04). JPMorgan Global Emerg Mkts shares last traded at GBX 151.50 ($2.04), with a volume of 936,318 shares trading hands.

JPMorgan Global Emerg Mkts Stock Performance

The company has a 50 day moving average of GBX 145 and a two-hundred day moving average of GBX 137.33. The stock 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.