Korea Fund Inc (NYSE:KF) major shareholder City Of London Investment Grou sold 5,477 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.04, for a total value of $230,253.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
City Of London Investment Grou also recently made the following trade(s):
- On Monday, March 5th, City Of London Investment Grou sold 10,000 shares of Korea Fund stock. The stock was sold at an average price of $40.18, for a total value of $401,800.00.
Korea Fund Inc (KF) traded up $0.20 during trading on Wednesday, hitting $41.81. The company had a trading volume of 19,722 shares, compared to its average volume of 10,412. The company has a market cap of $243.36, a P/E ratio of 8.09 and a beta of 0.78. Korea Fund Inc has a 1-year low of $34.96 and a 1-year high of $44.64.
Institutional investors have recently bought and sold shares of the stock. Doliver Capital Advisors LP bought a new position in shares of Korea Fund during the 4th quarter worth approximately $230,000. Guggenheim Capital LLC bought a new position in shares of Korea Fund during the 4th quarter worth approximately $277,000. Allianz Asset Management GmbH raised its position in Korea Fund by 200.0% in the 4th quarter. Allianz Asset Management GmbH now owns 15,767 shares of the company’s stock valued at $651,000 after purchasing an additional 10,511 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Korea Fund by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 198,385 shares of the company’s stock valued at $8,026,000 after purchasing an additional 7,080 shares during the last quarter. Institutional investors and hedge funds own 53.76% of the company’s stock.
Korea Fund Company Profile
The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.
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