The Korea Fund, Inc. $KF Shares Sold by 1607 Capital Partners LLC

Key Points

• 1607 Capital Partners LLC trimmed its stake in The Korea Fund by 16.3%, selling 38,225 shares and now holds 196,850 shares (~4.07%) valued at about $6.02 million.
• Other institutional moves included City of London Investment Management increasing its stake to 1,322,098 shares (≈$35.6M), and overall institutional/hedge fund ownership stands at approximately 69.99% of the stock.
• KF opened at $45.37, with a 12‑month range of $18.15 to $58.59; the 50‑day and 200‑day moving averages are $46.70 and $37.90, respectively.

1607 Capital Partners LLC trimmed its stake in The Korea Fund, Inc. (NYSE:KF - Free Report) by 16.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 196,850 shares of the company's stock after selling 38,225 shares during the period. 1607 Capital Partners LLC owned about 4.07% of The Korea Fund worth $6,021,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KF. NewEdge Advisors LLC increased its holdings in 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 The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company's stock worth $91,000 after purchasing an additional 1,350 shares in the last quarter. Shaker Financial Services LLC purchased a new position in shares of The Korea Fund during the third quarter worth $242,000. Cornerstone Wealth Management LLC boosted its position in shares of The Korea Fund by 155.1% during the third quarter. Cornerstone Wealth Management LLC now owns 25,485 shares of the company's stock worth $779,000 after buying an additional 15,495 shares during the period. Finally, City of London Investment Management Co. Ltd. grew its stake in shares of The Korea Fund by 22.2% in the second quarter. City of London Investment Management Co. Ltd. now owns 1,322,098 shares of the company's stock valued at $35,604,000 after buying an additional 239,908 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

The Korea Fund Trading Down 0.6%

KF stock opened at $45.37 on Friday. The Korea Fund, Inc. has a 12-month low of $18.15 and a 12-month high of $58.59. The business's fifty day moving average price is $46.70 and its 200 day moving average price is $37.90.

About The Korea Fund

The Korea Fund, Inc NYSE: KF is a closed-end management investment company that provides U.S. investors with focused exposure to the South Korean equity market. Established in 1953, it is one of the oldest U.S. funds dedicated to investing in Korean securities. The Fund is domiciled in Delaware and trades on the New York Stock Exchange, offering investors access to a broad range of companies operating in one of Asia's leading economies.

The Fund's primary business activity is the acquisition of common stocks and American depositary receipts issued by companies that are either domiciled in South Korea or derive a significant portion of their revenues from Korean operations.

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