Allspring Global Investments Holdings LLC reduced its stake in The Korea Fund, Inc. (NYSE:KF - Free Report) by 15.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,864 shares of the company's stock after selling 45,450 shares during the quarter. Allspring Global Investments Holdings LLC owned about 4.96% of The Korea Fund worth $4,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mraz Amerine & Associates Inc. raised its stake in The Korea Fund by 36.6% in the third quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company's stock valued at $1,120,000 after purchasing an additional 13,185 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in The Korea Fund by 76.5% in the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company's stock worth $728,000 after buying an additional 13,869 shares in the last quarter. Matisse Capital purchased a new position in shares of The Korea Fund during the fourth quarter worth approximately $291,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of The Korea Fund during the third quarter worth approximately $6,220,000. 69.99% of the stock is owned by hedge funds and other institutional investors.
The Korea Fund Price Performance
Shares of The Korea Fund stock traded down $0.10 during trading on Monday, reaching $21.11. The company's stock had a trading volume of 20,435 shares, compared to its average volume of 13,678. The Korea Fund, Inc. has a 52-week low of $18.35 and a 52-week high of $26.30. The firm's 50-day moving average is $19.84 and its two-hundred day moving average is $21.48.
The Korea Fund Dividend Announcement
The firm also recently announced a -- dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 27th were issued a dividend of $0.4542 per share. The ex-dividend date was Friday, December 27th.
The Korea Fund Profile
(
Free Report)
The Korea Fund, Inc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies.
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