The Korea Fund, Inc. $KF Stock Holdings Lessened by Mraz Amerine & Associates Inc.

Key Points

• Mraz Amerine & Associates cut its Korea Fund position by 45.2% in the third quarter, selling 30,378 shares. It retained 36,847 shares, worth about $2.42 million at quarter-end.
• Institutional investors made mixed moves: Blue Bell Private Wealth Management increased its stake by 413.6%, while several firms opened new positions; institutions collectively owned 69.99% of the fund.
• The Korea Fund opened Wednesday at $55.38, with a 12-month trading range of $32.01 to $81.94. It is a closed-end fund focused on long-term capital appreciation through investments in South Korean securities.

Mraz Amerine & Associates Inc. lessened its position in shares of The Korea Fund, Inc. (NYSE:KF - Free Report) by 45.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,847 shares of the company's stock after selling 30,378 shares during the period. Mraz Amerine & Associates Inc. owned approximately 0.89% of The Korea Fund worth $2,419,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blue Bell Private Wealth Management LLC grew its stake in The Korea Fund by 413.6% during the third quarter. Blue Bell Private Wealth Management LLC now owns 5,085 shares of the company's stock worth $334,000 after buying an additional 4,095 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in The Korea Fund in the second quarter valued at approximately $30,000. Corient Private Wealth LP acquired a new position in The Korea Fund during the second quarter valued at approximately $360,000. Hudson Portfolio Management LLC acquired a new position in The Korea Fund during the second quarter valued at approximately $209,000. Finally, NewEdge Advisors LLC raised its position in The Korea Fund by 122.1% during the first quarter. NewEdge Advisors LLC now owns 1,355 shares of the company's stock valued at $61,000 after purchasing an additional 745 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

The Korea Fund Stock Up 2.1%

NYSE:KF opened at $55.38 on Wednesday. The stock's 50-day simple moving average is $62.50 and its 200 day simple moving average is $59.29. The Korea Fund, Inc. has a twelve month low of $32.01 and a twelve month high of $81.94.

The Korea Fund Company Profile

The Korea Fund, Inc NYSE: KF is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in South Korean securities. Unlike an operating company, it does not manufacture products or provide services directly; instead, it offers investors a professionally managed portfolio with exposure to Korea's equity markets.

The fund invests primarily in the common stocks of companies organized or operating in South Korea. Its portfolio may also include other equity securities, such as preferred shares and securities that provide exposure to Korean companies.

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