Matisse Capital Has $2.22 Million Position in The Korea Fund, Inc. $KF

Key Points

• Matisse Capital increased its stake in The Korea Fund, Inc. by 278.9% in Q2, bringing its total holdings to approximately $2.22 million with 82,265 shares owned.
• Other institutional investors, including PNC Financial Services and NewEdge Advisors, have also significantly increased their stakes in The Korea Fund, contributing to institutional ownership of 69.99% of the fund.
• As of the latest data, The Korea Fund's stock is trading at $31.97, having experienced a 0.8% decline, with a one-year range between $18.15 and $32.50.

Matisse Capital raised its stake in shares of The Korea Fund, Inc. (NYSE:KF - Free Report) by 278.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,265 shares of the company's stock after buying an additional 60,555 shares during the period. Matisse Capital owned about 1.70% of The Korea Fund worth $2,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of The Korea Fund by 69.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company's stock valued at $29,000 after purchasing an additional 600 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of The Korea Fund by 91.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,275 shares of the company's stock valued at $25,000 after purchasing an additional 610 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of The Korea Fund by 37.5% in the 4th quarter. Bank of America Corp DE now owns 4,953 shares of the company's stock valued at $91,000 after purchasing an additional 1,350 shares during the last quarter. Mraz Amerine & Associates Inc. lifted its stake in shares of The Korea Fund by 4.6% in the 2nd quarter. Mraz Amerine & Associates Inc. now owns 68,188 shares of the company's stock valued at $1,836,000 after purchasing an additional 2,980 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of The Korea Fund by 1.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,343 shares of the company's stock valued at $4,857,000 after purchasing an additional 3,479 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company's stock.

The Korea Fund Stock Down 0.8%

KF stock opened at $31.97 on Wednesday. The Korea Fund, Inc. has a 1 year low of $18.15 and a 1 year high of $32.50. The company has a fifty day simple moving average of $28.81 and a 200 day simple moving average of $25.16.

The Korea Fund Profile

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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