Korea Fund, Inc. (NYSE:KF) major shareholder City Of London Investment Grou bought 7,499 shares of Korea Fund stock in a transaction that occurred on Thursday, March 22nd. The stock was purchased at an average price of $41.10 per share, with a total value of $308,208.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, March 15th, City Of London Investment Grou sold 8,618 shares of Korea Fund stock. The stock was sold at an average price of $41.82, for a total value of $360,404.76.
- On Tuesday, March 13th, City Of London Investment Grou sold 5,477 shares of Korea Fund stock. The stock was sold at an average price of $42.04, for a total value of $230,253.08.
- On Monday, March 5th, City Of London Investment Grou sold 10,000 shares of Korea Fund stock. The stock was sold at an average price of $40.18, for a total value of $401,800.00.
Shares of KF stock traded down $1.02 during mid-day trading on Friday, reaching $40.10. The company had a trading volume of 39,813 shares, compared to its average volume of 14,399. The stock has a market cap of $236.80, a price-to-earnings ratio of 7.76 and a beta of 0.78. Korea Fund, Inc. has a one year low of $35.90 and a one year high of $44.64.
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Korea Fund Company Profile
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.
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