City Of London Investment Grou Sells 8,618 Shares of Korea Fund, Inc. (KF) Stock

Korea Fund, Inc. (NYSE:KF) major shareholder City Of London Investment Grou sold 8,618 shares of Korea Fund stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $41.82, for a total transaction of $360,404.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

How to Become a New Pot Stock Millionaire
  • On Wednesday, March 28th, City Of London Investment Grou bought 5,521 shares of Korea Fund stock. The stock was purchased at an average cost of $40.08 per share, for a total transaction of $221,281.68.
  • On Monday, March 26th, City Of London Investment Grou bought 5,373 shares of Korea Fund stock. The stock was purchased at an average cost of $40.44 per share, for a total transaction of $217,284.12.
  • On Thursday, March 22nd, City Of London Investment Grou bought 7,499 shares of Korea Fund stock. The stock was purchased at an average cost of $41.10 per share, for a total transaction of $308,208.90.
  • On Tuesday, March 13th, City Of London Investment Grou sold 5,477 shares of Korea Fund stock. The shares were sold at an average price of $42.04, for a total transaction of $230,253.08.
  • 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.

Shares of NYSE KF opened at $40.67 on Monday. Korea Fund, Inc. has a 52 week low of $36.11 and a 52 week high of $44.64. The stock has a market capitalization of $234.21, a P/E ratio of 312.85 and a beta of 0.80.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Doliver Capital Advisors LP acquired a new stake in shares of Korea Fund in the fourth quarter valued at about $230,000. Guggenheim Capital LLC acquired a new stake in shares of Korea Fund in the fourth quarter valued at about $277,000. Allianz Asset Management GmbH lifted its stake in shares of Korea Fund by 200.0% in the fourth quarter. Allianz Asset Management GmbH now owns 15,767 shares of the company’s stock valued at $651,000 after purchasing an additional 10,511 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Korea Fund by 3.7% in the third quarter. Wells Fargo & Company MN now owns 198,385 shares of the company’s stock valued at $8,026,000 after purchasing an additional 7,080 shares during the period. Hedge funds and other institutional investors own 53.76% of the company’s stock.

WARNING: “City Of London Investment Grou Sells 8,618 Shares of Korea Fund, Inc. (KF) Stock” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2018/04/09/korea-fund-inc-kf-major-shareholder-city-of-london-investment-grou-sells-8618-shares.html.

About Korea Fund

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.

Leave a Reply