City of London Investment Management Co. Ltd. Grows Stake in The Korea Fund, Inc. $KF

City of London Investment Management Co. Ltd. increased its position in The Korea Fund, Inc. (NYSE:KF) by 22.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,322,098 shares of the company’s stock after acquiring an additional 239,908 shares during the period. The Korea Fund comprises about 3.3% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 12th biggest holding. City of London Investment Management Co. Ltd. owned 0.27% of The Korea Fund worth $35,604,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its position in The Korea Fund by 37.5% in the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock worth $91,000 after purchasing an additional 1,350 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of The Korea Fund by 69.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of The Korea Fund by 10.9% in the 1st quarter. Wolverine Asset Management LLC now owns 81,156 shares of the company’s stock worth $1,620,000 after purchasing an additional 7,991 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of The Korea Fund by 91.7% in the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock worth $25,000 after buying an additional 610 shares during the last quarter. Finally, Strs Ohio bought a new stake in The Korea Fund during the first quarter valued at approximately $395,000. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Down 1.3%

Shares of KF stock opened at $35.16 on Friday. The Korea Fund, Inc. has a 12 month low of $18.15 and a 12 month high of $37.69. The company has a 50 day simple moving average of $32.60 and a two-hundred day simple moving average of $28.01.

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.