Korea Fund Inc (NYSE:KF) major shareholder City Of London Investment Grou sold 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $40.18, for a total transaction of $401,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
City Of London Investment Grou also recently made the following trade(s):
- On Tuesday, March 13th, City Of London Investment Grou sold 5,477 shares of Korea Fund stock. The shares were sold at an average price of $42.04, for a total transaction of $230,253.08.
Korea Fund Inc (NYSE KF) traded up $0.20 on Wednesday, reaching $41.81. 19,722 shares of the company’s stock were exchanged, compared to its average volume of 10,412. Korea Fund Inc has a one year low of $34.96 and a one year high of $44.64. The stock has a market capitalization of $243.36, a PE ratio of 8.09 and a beta of 0.78.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Doliver Capital Advisors LP purchased a new position in Korea Fund in the fourth quarter valued at $230,000. Guggenheim Capital LLC purchased a new position in Korea Fund in the fourth quarter valued at $277,000. Wells Fargo & Company MN increased its holdings in Korea Fund by 3.7% in the third quarter. Wells Fargo & Company MN now owns 198,385 shares of the company’s stock valued at $8,026,000 after buying an additional 7,080 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in Korea Fund by 200.0% in the fourth quarter. Allianz Asset Management GmbH now owns 15,767 shares of the company’s stock valued at $651,000 after buying an additional 10,511 shares in the last quarter. 53.76% of the stock is owned by institutional investors.
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About Korea Fund
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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