Allspring Global Investments Holdings LLC lowered its position in The Korea Fund, Inc. (NYSE:KF - Free Report) by 25.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 285,314 shares of the company's stock after selling 99,374 shares during the period. Allspring Global Investments Holdings LLC owned approximately 5.80% of The Korea Fund worth $6,491,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JBF Capital Inc. boosted its stake in The Korea Fund by 16.4% in the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company's stock worth $3,426,000 after purchasing an additional 20,000 shares in the last quarter. Shaker Financial Services LLC boosted its stake in The Korea Fund by 3.3% in the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company's stock worth $318,000 after purchasing an additional 415 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in The Korea Fund in the 2nd quarter worth approximately $437,000. Mraz Amerine & Associates Inc. boosted its stake in The Korea Fund by 169.9% in the 2nd 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 in the last quarter. Finally, Commonwealth Equity Services LLC acquired a new stake in The Korea Fund in the 1st quarter worth approximately $2,041,000. Hedge funds and other institutional investors own 69.99% of the company's stock.
The Korea Fund Stock Performance
NYSE KF traded up $0.04 on Monday, hitting $21.89. 3,778 shares of the company's stock traded hands, compared to its average volume of 14,701. The Korea Fund, Inc. has a 1-year low of $18.55 and a 1-year high of $26.30. The firm's 50-day moving average price is $23.50 and its two-hundred day moving average price is $23.94.
About The Korea Fund
(
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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