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19,796 Shares in The Korea Fund, Inc. $KF Acquired by Strs Ohio

The Korea Fund logo with Finance background

Key Points

  • Strs Ohio has acquired 19,796 shares of The Korea Fund, Inc. (NYSE: KF) valued at approximately $395,000, increasing its ownership to about 0.41% of the fund.
  • Other institutional investors, including NewEdge Advisors LLC and Wolverine Asset Management LLC, have also significantly increased their stakes in The Korea Fund in the first quarter.
  • The Korea Fund's stock opened at $30.62, with a 52-week range between $18.15 and $30.93.
  • MarketBeat previews top five stocks to own in November.

Strs Ohio purchased a new stake in The Korea Fund, Inc. (NYSE:KF - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 19,796 shares of the company's stock, valued at approximately $395,000. Strs Ohio owned about 0.41% of The Korea Fund as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in The Korea Fund by 91.7% during the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company's stock worth $25,000 after acquiring an additional 610 shares during the last quarter. Wolverine Asset Management LLC increased its stake in The Korea Fund by 10.9% during the first quarter. Wolverine Asset Management LLC now owns 81,156 shares of the company's stock worth $1,620,000 after acquiring an additional 7,991 shares during the last quarter. City of London Investment Management Co. Ltd. increased its stake in The Korea Fund by 6.7% during the first quarter. City of London Investment Management Co. Ltd. now owns 1,082,190 shares of the company's stock worth $21,601,000 after acquiring an additional 67,623 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in The Korea Fund by 69.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company's stock worth $29,000 after acquiring an additional 600 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. increased its stake in The Korea Fund by 5.0% during the first quarter. Mraz Amerine & Associates Inc. now owns 65,208 shares of the company's stock worth $1,313,000 after acquiring an additional 3,097 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

The Korea Fund Price Performance

Shares of KF stock opened at $30.62 on Tuesday. The company's fifty day simple moving average is $28.05 and its 200-day simple moving average is $24.40. The Korea Fund, Inc. has a 52 week low of $18.15 and a 52 week high of $30.93.

The Korea Fund Profile

(Free Report)

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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Institutional Ownership by Quarter for The Korea Fund (NYSE:KF)

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