Korea Fund, Inc. (NYSE:KF) Major Shareholder City Of London Investment Grou Sells 5,477 Shares

Korea Fund, Inc. (NYSE:KF) major shareholder City Of London Investment Grou sold 5,477 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $42.04, for a total transaction of $230,253.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

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  • On Wednesday, March 28th, City Of London Investment Grou purchased 5,521 shares of Korea Fund stock. The stock was bought at an average price of $40.08 per share, for a total transaction of $221,281.68.
  • On Monday, March 26th, City Of London Investment Grou purchased 5,373 shares of Korea Fund stock. The stock was bought at an average price of $40.44 per share, for a total transaction of $217,284.12.
  • On Thursday, March 22nd, City Of London Investment Grou purchased 7,499 shares of Korea Fund stock. The stock was bought at an average price of $41.10 per share, for a total transaction of $308,208.90.
  • On Thursday, March 15th, City Of London Investment Grou sold 8,618 shares of Korea Fund stock. The shares were sold at an average price of $41.82, for a total transaction of $360,404.76.
  • On Monday, March 5th, City Of London Investment Grou sold 10,000 shares of Korea Fund stock. The shares were sold at an average price of $40.18, for a total transaction of $401,800.00.

NYSE:KF opened at $40.67 on Friday. The firm has a market capitalization of $236.85, a P/E ratio of 316.39 and a beta of 0.80. Korea Fund, Inc. has a twelve month low of $36.11 and a twelve month high of $44.64.

A number of large investors have recently added to or reduced their stakes in KF. Wells Fargo & Company MN lifted its position in Korea Fund by 3.7% during the third 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 period. Doliver Capital Advisors LP purchased a new position in Korea Fund during the fourth quarter valued at $230,000. Allianz Asset Management GmbH lifted its position in Korea Fund by 200.0% during the fourth 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 period. Finally, Guggenheim Capital LLC purchased a new position in Korea Fund during the fourth quarter valued at $277,000. Institutional investors and hedge funds own 53.76% of the company’s stock.

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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.

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

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