Lazard Asset Management LLC grew its stake in shares of Korea Fund, Inc. (NYSE:KF) by 0.7% in the 1st quarter, HoldingsChannel reports. The fund owned 617,384 shares of the company’s stock after purchasing an additional 4,300 shares during the quarter. Lazard Asset Management LLC owned approximately 0.12% of Korea Fund worth $18,161,000 as of its most recent SEC filing.
Separately, Geode Capital Management LLC acquired a new position in Korea Fund during the 4th quarter valued at about $400,000. 51.21% of the stock is currently owned by institutional investors and hedge funds.
Korea Fund stock opened at $27.57 on Friday. Korea Fund, Inc. has a 1 year low of $26.71 and a 1 year high of $40.99.
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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