Public Employees Retirement System of Ohio Invests $6.22 Million in The Korea Fund, Inc. (NYSE:KF)

Public Employees Retirement System of Ohio acquired a new position in The Korea Fund, Inc. (NYSE:KF - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 273,399 shares of the company's stock, valued at approximately $6,220,000. Public Employees Retirement System of Ohio owned 5.66% of The Korea Fund as of its most recent SEC filing.

A number of other large investors have also modified their holdings of KF. Shaker Financial Services LLC increased its stake in The Korea Fund by 3.3% during the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company's stock valued at $318,000 after buying an additional 415 shares during the period. Wolverine Asset Management LLC acquired a new position in The Korea Fund during the 2nd quarter valued at about $437,000. Mraz Amerine & Associates Inc. increased its stake in The Korea Fund by 169.9% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company's stock valued at $869,000 after buying an additional 22,675 shares during the period. Finally, JBF Capital Inc. increased its stake in The Korea Fund by 16.4% during 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. Institutional investors and hedge funds own 69.99% of the company's stock.

The Korea Fund Stock Up 0.4 %

The Korea Fund stock traded up $0.08 during trading hours on Friday, hitting $20.10. 12,387 shares of the company traded hands, compared to its average volume of 16,503. The firm's 50-day simple moving average is $21.05 and its two-hundred day simple moving average is $23.12. The Korea Fund, Inc. has a 1-year low of $18.79 and a 1-year high of $26.30.

The Korea Fund Profile

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.