Korea Fund, Inc. (The) (NYSE:KF) Major Shareholder City Of London Investment Grou Sells 15,000 Shares

Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou sold 15,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $40.66, for a total value of $609,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, August 11th, City Of London Investment Grou bought 1,640 shares of Korea Fund, Inc. (The) stock. The shares were bought at an average price of $38.03 per share, for a total transaction of $62,369.20.
  • On Wednesday, June 7th, City Of London Investment Grou bought 12,428 shares of Korea Fund, Inc. (The) stock. The shares were bought at an average price of $39.99 per share, for a total transaction of $496,995.72.
  • On Monday, June 5th, City Of London Investment Grou sold 336,635 shares of Korea Fund, Inc. (The) stock. The stock was sold at an average price of $43.22, for a total value of $14,549,364.70.

Korea Fund, Inc. (KF) traded up 1.28% during midday trading on Friday, hitting $39.51. The company’s stock had a trading volume of 6,559 shares. The company’s 50 day moving average price is $40.66 and its 200 day moving average price is $38.32. Korea Fund, Inc. has a 12 month low of $31.52 and a 12 month high of $42.68.

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An institutional investor recently raised its position in Korea Fund, Inc. (The) stock. Gramercy Funds Management LLC boosted its stake in shares of Korea Fund, Inc. (The) (NYSE:KF) by 24.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,781 shares of the company’s stock after buying an additional 27,045 shares during the period. Korea Fund, Inc. (The) makes up about 1.0% of Gramercy Funds Management LLC’s portfolio, making the stock its 4th largest position. Gramercy Funds Management LLC owned 2.11% of Korea Fund, Inc. (The) worth $5,517,000 as of its most recent filing with the SEC. 54.24% of the stock is currently owned by hedge funds and other institutional investors.

Korea Fund, Inc. (The) 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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