Korea Fund, Inc. (The) common stock (KF) Major Shareholder City Of London Investment Grou Sells 2,874 Shares

Korea Fund, Inc. (The) common stock (NYSE:KF) major shareholder City Of London Investment Grou sold 2,874 shares of the company’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $41.24, for a total value of $118,523.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, May 25th, City Of London Investment Grou sold 559 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $41.47, for a total value of $23,181.73.
  • On Friday, May 11th, City Of London Investment Grou sold 2,877 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $41.99, for a total value of $120,805.23.
  • On Friday, May 4th, City Of London Investment Grou sold 10,000 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $41.47, for a total value of $414,700.00.
  • On Monday, April 23rd, City Of London Investment Grou sold 3,176 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $40.79, for a total value of $129,549.04.
  • On Wednesday, April 18th, City Of London Investment Grou sold 11,330 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $41.43, for a total value of $469,401.90.
  • On Monday, April 16th, City Of London Investment Grou sold 9,656 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $40.95, for a total value of $395,413.20.
  • On Thursday, April 12th, City Of London Investment Grou sold 7,400 shares of Korea Fund, Inc. (The) common stock stock. The shares were sold at an average price of $41.24, for a total value of $305,176.00.
  • On Wednesday, March 28th, City Of London Investment Grou bought 5,521 shares of Korea Fund, Inc. (The) common stock stock. The stock was purchased at an average price of $40.08 per share, with a total value of $221,281.68.
  • On Monday, March 26th, City Of London Investment Grou bought 5,373 shares of Korea Fund, Inc. (The) common stock stock. The stock was purchased at an average price of $40.44 per share, with a total value of $217,284.12.
  • On Thursday, March 22nd, City Of London Investment Grou bought 7,499 shares of Korea Fund, Inc. (The) common stock stock. The stock was purchased at an average price of $41.10 per share, with a total value of $308,208.90.

Korea Fund, Inc. (The) common stock stock traded down $0.39 during mid-day trading on Thursday, hitting $40.51. 2,972 shares of the company were exchanged, compared to its average volume of 10,429. Korea Fund, Inc. has a 1-year low of $38.03 and a 1-year high of $44.64. The firm has a market capitalization of $238.06 million, a P/E ratio of 318.00 and a beta of 0.73.

A number of institutional investors have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC raised its stake in Korea Fund, Inc. (The) common stock by 4.1% during the first quarter. 1607 Capital Partners LLC now owns 460,099 shares of the company’s stock worth $18,781,000 after acquiring an additional 18,035 shares in the last quarter. Allianz Asset Management GmbH raised its stake in Korea Fund, Inc. (The) common stock by 200.0% during the fourth quarter. Allianz Asset Management GmbH now owns 15,767 shares of the company’s stock worth $651,000 after acquiring an additional 10,511 shares in the last quarter. Royal Bank of Canada raised its stake in Korea Fund, Inc. (The) common stock by 55.7% during the first quarter. Royal Bank of Canada now owns 10,663 shares of the company’s stock worth $435,000 after acquiring an additional 3,813 shares in the last quarter. Guggenheim Capital LLC raised its stake in Korea Fund, Inc. (The) common stock by 20.8% during the first quarter. Guggenheim Capital LLC now owns 8,111 shares of the company’s stock worth $332,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Doliver Capital Advisors LP acquired a new position in Korea Fund, Inc. (The) common stock during the fourth quarter worth $230,000. Hedge funds and other institutional investors own 50.73% of the company’s stock.

About Korea Fund, Inc. (The) common stock

The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

Insider Buying and Selling by Quarter for Korea Fund, Inc. (The) common stock (NYSE:KF)

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