JPMorgan Emerging Markets Investment Trust (LON:JMG) Stock Price Passes Below Fifty Day Moving Average of $115.45

JPMorgan Emerging Markets Investment Trust plc (LON:JMG – Get Rating)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 115.45 ($1.41) and traded as low as GBX 104.70 ($1.28). JPMorgan Emerging Markets Investment Trust shares last traded at GBX 107.20 ($1.31), with a volume of 2,240,497 shares.

JPMorgan Emerging Markets Investment Trust Price Performance

The firm’s 50 day moving average price is GBX 115.45 and its 200-day moving average price is GBX 107.87. The firm has a market cap of £1.24 billion, a price-to-earnings ratio of -446.67 and a beta of 0.69.

JPMorgan Emerging Markets Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Thursday, March 16th will be paid a GBX 0.58 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a dividend yield of 0.51%. JPMorgan Emerging Markets Investment Trust’s payout ratio is -416.67%.

About JPMorgan Emerging Markets Investment Trust

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