JPMorgan China Growth & Income (LON:JCGI) Trading Down 4.7% – Time to Sell?

JPMorgan China Growth & Income plc (LON:JCGI) traded down 4.7% during mid-day trading on Monday . The stock traded as low as GBX 200 ($2.55) and last traded at GBX 211.50 ($2.69). 853,061 shares traded hands during mid-day trading, an increase of 200% from the average session volume of 284,379 shares. The stock had previously closed at GBX 222 ($2.83).

JPMorgan China Growth & Income Stock Up 4.5 %

The stock has a market cap of £181.10 million, a P/E ratio of 28.67 and a beta of 0.47. The company’s 50 day moving average price is GBX 253.55 and its 200-day moving average price is GBX 235.66.

JPMorgan China Growth & Income Dividend Announcement

The business also recently announced a dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, April 17th will be given a dividend of GBX 2.73 ($0.03) per share. This represents a yield of 1.12%. The ex-dividend date of this dividend is Thursday, April 17th. JPMorgan China Growth & Income’s dividend payout ratio is currently 145.51%.

Insider Buying and Selling at JPMorgan China Growth & Income

In other news, insider Alexandra Mackesy purchased 7,375 shares of the business’s stock in a transaction on Monday, February 24th. The shares were acquired at an average price of GBX 267 ($3.40) per share, with a total value of £19,691.25 ($25,065.24). Also, insider Nicholas Bannerman purchased 5,000 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were acquired at an average price of GBX 223 ($2.84) per share, with a total value of £11,150 ($14,192.97). Corporate insiders own 1.23% of the company’s stock.

About JPMorgan China Growth & Income

Strategic thinking for Chinese markets
JPMorgan China Growth & Income plc aims to provide the best of both worlds. The Manager focuses on investing in Chinese companies listed on domestic exchanges and companies in Greater China by focusing on the growth of “New China” – companies and sectors that are capitalising on the transition of the country to a more consumer-driven economy – whilst the Company aims to deliver a predictable quarterly income distribution – announced at the start of each financial year.
Key points

Expertise – Strong focus on research capabilities, with investment teams based in Hong Kong, Taiwan and mainland China.
Portfolio – Focuses on companies benefiting from the transition of China to a consumer-driven economy.
Results – Benefits from the economic transformation and evolving role of China as a global economic superpower while aiming to deliver a predictable quarterly income.

Why invest in this trust
The first investment trust to focus purely on the greater China region, the JPMorgan China Growth & Income plc capitalises on our extensive local knowledge and experience to find attractive opportunities in China, Taiwan and Hong Kong.