Shares of The Korea Fund, Inc. (NYSE:KF - Get Free Report) fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $19.53 and last traded at $19.58. 43,768 shares were traded during mid-day trading, an increase of 98% from the average session volume of 22,117 shares. The stock had previously closed at $19.61.
The Korea Fund Trading Down 0.2 %
The stock's 50-day simple moving average is $20.00 and its two-hundred day simple moving average is $22.58.
The Korea Fund Dividend Announcement
The business also recently announced a -- dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 27th were paid a dividend of $0.4542 per share. The ex-dividend date was Friday, December 27th.
Hedge Funds Weigh In On The Korea Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased 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 valued at $728,000 after acquiring an additional 13,869 shares during the period. Mraz Amerine & Associates Inc. grew its stake in shares of The Korea Fund by 36.6% in the 3rd 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 during the period. JBF Capital Inc. raised 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 worth $3,426,000 after buying an additional 20,000 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of The Korea Fund during the 3rd quarter worth approximately $6,220,000. 69.99% of the stock is currently owned by institutional investors.
The Korea Fund Company Profile
(
Get 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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