JPMorgan Global Emerg Mkts (LON:JEMI) Shares Cross Below Fifty Day Moving Average of $131.10

JPMorgan Global Emerg Mkts Inc (LON:JEMI) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 131.10 ($1.62) and traded as low as GBX 130 ($1.61). JPMorgan Global Emerg Mkts shares last traded at GBX 130 ($1.61), with a volume of 320,036 shares changing hands.

JPMorgan Global Emerg Mkts Stock Up 1.5 %

The stock has a 50-day moving average of GBX 131.10 and a 200 day moving average of GBX 126.12. The company has a market capitalization of £390.59 million and a PE ratio of -3,300.00.

JPMorgan Global Emerg Mkts Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 7th were given a GBX 1 ($0.01) dividend. This represents a yield of 0.77%. The ex-dividend date was Thursday, March 7th. JPMorgan Global Emerg Mkts’s dividend payout ratio is currently -12,500.00%.

Insiders Place Their Bets

In related news, insider Elisabeth Scott purchased 13,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The stock was purchased at an average cost of GBX 129 ($1.59) per share, with a total value of £16,770 ($20,713.93). Company insiders own 3.65% of the company’s stock.

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.