JPMorgan American Investment Trust PLC (JAM) Hits New 12-Month High After Insider Buying Activity

Shares of JPMorgan American Investment Trust PLC (LON:JAM) reached a new 52-week high during trading on Monday after an insider bought additional shares in the company. The company traded as high as GBX 171 ($2.21) and last traded at GBX 167 ($2.16), with a volume of 8,007 shares traded. The stock had previously closed at GBX 379.20 ($4.90).

Specifically, insider Robert Talbut bought 3,914 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of GBX 383 ($4.95) per share, with a total value of £14,990.62 ($19,360.22).

The stock has a 50 day moving average price of GBX 4.04 and a 200 day moving average price of GBX 3.98.

The company also recently announced a dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, August 31st will be given a GBX 2.25 ($0.03) dividend. This represents a yield of 0.58%. The ex-dividend date is Thursday, August 31st.

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About JPMorgan American Investment Trust PLC

JPMorgan American Investment Trust plc is a United Kingdom-based investment trust. The Company’s objective is to achieve capital growth from North American investments by outperformance of the Company’s benchmark, which is the S&P 500 Index. The Company invests in North American quoted companies, including exposure to smaller capitalization stocks.

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