The Korea Fund, Inc. (NYSE:KF - Get Free Report) Director Matthew J. Sippel purchased 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were bought at an average cost of $22.25 per share, with a total value of $22,250.00. Following the transaction, the director now directly owns 1,000 shares of the company's stock, valued at $22,250. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
The Korea Fund Stock Down 0.6 %
KF traded down $0.13 on Monday, reaching $22.07. 4,357 shares of the company's stock were exchanged, compared to its average volume of 14,941. The Korea Fund, Inc. has a twelve month low of $18.30 and a twelve month high of $26.30. The company's 50 day moving average is $23.74 and its 200-day moving average is $24.04.
Hedge Funds Weigh In On The Korea Fund
Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC acquired a new stake in The Korea Fund in the 1st quarter valued at $2,041,000. Mraz Amerine & Associates Inc. lifted its stake in The Korea Fund by 169.9% during the second quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company's stock worth $869,000 after purchasing an additional 22,675 shares during the last quarter. JBF Capital Inc. boosted its holdings in shares of The Korea Fund by 16.4% in the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company's stock valued at $3,426,000 after buying an additional 20,000 shares during the period. Wolverine Asset Management LLC bought a new position in shares of The Korea Fund during the second quarter valued at approximately $437,000. Finally, Shaker Financial Services LLC increased its position in The Korea Fund by 3.3% in the second quarter. Shaker Financial Services LLC now owns 13,161 shares of the company's stock worth $318,000 after buying an additional 415 shares during the period. Hedge funds and other institutional investors own 69.99% of the company's stock.
The Korea Fund Company Profile
(
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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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