JPMorgan Asia Growth & Income (LON:JAGI) Trading Down 3.3% – Time to Sell?

JPMorgan Asia Growth & Income plc (LON:JAGI)’s share price traded down 3.3% during mid-day trading on Friday . The company traded as low as GBX 428.32 and last traded at GBX 429. 115,959 shares were traded during mid-day trading, a decline of 37% from the average session volume of 183,058 shares. The stock had previously closed at GBX 443.50.

JPMorgan Asia Growth & Income Stock Down 3.3%

The business’s fifty day moving average is GBX 442.12 and its 200-day moving average is GBX 405.15. The stock has a market capitalization of £290.05 million, a PE ratio of 16.29 and a beta of 0.56.

Insider Activity

In other news, insider June Aitken acquired 186 shares of the company’s stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of GBX 401 per share, for a total transaction of £745.86. 0.27% of the stock is owned by corporate insiders.

JPMorgan Asia Growth & Income Company Profile

Targeting income without compromising on Asia’s growth

JPMorgan Asia Growth & Income plc provides access to the world’s fastest growing equity market and targets predictable quarterly income without compromising its focus on growth.

Key points:
Expertise – Managed by emerging market veterans.
Portfolio – Manager’s focus on seeking out Asia’s best growth ideas.
Results – Seeks to provide predictable quarterly income distributions set annually.

Why invest in this trust
Managed by our locally based team of investment experts, the JPMorgan Asia Growth & Income plc provides broad access to Asia’s fast growing markets and benefits from our long experience in the region.

Investment objective
Aims to provide capital growth from a diversified portfolio of around 50 to 80 companies quoted on the Asian stock markets, excluding Japan.