JPMorgan Global Emerg Mkts (LON:JEMI) Stock Passes Above 50-Day Moving Average – Here’s What Happened

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 133.50 ($1.73) and traded as high as GBX 136 ($1.76). JPMorgan Global Emerg Mkts shares last traded at GBX 133.50 ($1.73), with a volume of 477,611 shares.

JPMorgan Global Emerg Mkts Stock Up 0.8 %

The business’s fifty day moving average is GBX 133.50 and its 200-day moving average is GBX 134.13. The stock has a market capitalization of £395.03 million and a PE ratio of -3,337.50.

JPMorgan Global Emerg Mkts Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were issued a dividend of GBX 2.40 ($0.03) per share. This represents a dividend yield of 1.83%. This is an increase from JPMorgan Global Emerg Mkts’s previous dividend of $1.00. The ex-dividend date was Thursday, September 12th. JPMorgan Global Emerg Mkts’s dividend payout ratio is presently -12,500.00%.

Insider Activity at JPMorgan Global Emerg Mkts

In other JPMorgan Global Emerg Mkts news, insider Lucy Macdonald bought 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of GBX 126 ($1.63) per share, with a total value of £18,900 ($24,510.44). 3.65% of the stock is owned by insiders.

About JPMorgan Global Emerg Mkts

JPMorgan Global Emerging Markets Income Trust plc is a closed-ended equity mutual fund launched and managed by JPMorgan Funds Limited. It is co-managed by JPMorgan Asset Management (UK) Limited. The fund invests in the public equity markets of emerging market countries across the globe. It seeks to invest in stocks of companies operating across diversified sectors.