JPMorgan China Growth & Income (LON:JCGI) Hits New 12-Month High – Still a Buy?

Shares of JPMorgan China Growth & Income plc (LON:JCGI) reached a new 52-week high during trading on Monday . The company traded as high as GBX 280.93 ($3.65) and last traded at GBX 280 ($3.64), with a volume of 405688 shares changing hands. The stock had previously closed at GBX 271.50 ($3.53).

JPMorgan China Growth & Income Stock Up 0.7 %

The business’s 50-day moving average price is GBX 243.54 and its 200-day moving average price is GBX 228.84. The firm has a market capitalization of £238.83 million, a PE ratio of 37.81 and a beta of 0.47.

JPMorgan China Growth & Income Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 16th were given a GBX 2.73 ($0.04) dividend. This represents a dividend yield of 1.27%. The ex-dividend date was Thursday, January 16th. JPMorgan China Growth & Income’s dividend payout ratio (DPR) is 145.51%.

Insider Activity at JPMorgan China Growth & Income

In related news, insider Nicholas Bannerman purchased 5,000 shares of the stock in a transaction on Friday, January 24th. The shares were bought at an average price of GBX 223 ($2.90) per share, for a total transaction of £11,150 ($14,495.58). Also, insider Alexandra Mackesy purchased 7,375 shares of the stock in a transaction on Monday, February 24th. The shares were bought at an average price of GBX 267 ($3.47) per share, for a total transaction of £19,691.25 ($25,599.65). Insiders own 1.23% of the company’s stock.

JPMorgan China Growth & Income Company Profile

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.