City Of London Investment Grou Acquires 7,499 Shares of Korea Fund, Inc. (KF) Stock

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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KF. Wells Fargo & Company MN raised its stake in shares of Korea Fund by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 198,385 shares of the company’s stock valued at $8,026,000 after buying an additional 7,080 shares during the last quarter. Doliver Capital Advisors LP purchased a new position in shares of Korea Fund during the 4th quarter valued at about $230,000. Allianz Asset Management GmbH raised its stake in shares of Korea Fund by 200.0% during the 4th quarter. Allianz Asset Management GmbH now owns 15,767 shares of the company’s stock valued at $651,000 after buying an additional 10,511 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new position in shares of Korea Fund during the 4th quarter valued at about $277,000. Institutional investors and hedge funds own 53.76% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3296713/city-of-london-investment-grou-acquires-7499-shares-of-korea-fund-inc-kf-stock.html.

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.

Insider Buying and Selling by Quarter for Korea Fund (NYSE:KF)

Receive News & Ratings for Korea Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

BlackRock Inc. Sells 33,039 Shares of Valhi, Inc.
BlackRock Inc. Sells 33,039 Shares of Valhi, Inc.
Bingham Osborn & Scarborough LLC Sells 2,694 Shares of Apple
Bingham Osborn & Scarborough LLC Sells 2,694 Shares of Apple
Bank of New York Mellon Corp Takes Position in FS Bancorp
Bank of New York Mellon Corp Takes Position in FS Bancorp
Baxter Bros Inc. Sells 220 Shares of Amazon.com
Baxter Bros Inc. Sells 220 Shares of Amazon.com
Sprott Physical Gold  Stake Raised by Bank of New York Mellon Corp
Sprott Physical Gold Stake Raised by Bank of New York Mellon Corp
Peoples Bancorp of North Carolina, Inc.  Holdings Lifted by Bank of New York Mellon Corp
Peoples Bancorp of North Carolina, Inc. Holdings Lifted by Bank of New York Mellon Corp


© 2006-2018 Ticker Report. Google+.