Lazard Asset Management LLC increased its position in shares of The Korea Fund, Inc. (NYSE:KF - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 640,223 shares of the company's stock after acquiring an additional 50,165 shares during the quarter. Lazard Asset Management LLC owned approximately 13.26% of The Korea Fund worth $11,807,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of KF. Logan Stone Capital LLC purchased a new stake in The Korea Fund in the 4th quarter valued at about $417,000. Bank of America Corp DE raised its holdings in 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 buying an additional 1,350 shares during the period. Wolverine Asset Management LLC raised its holdings in The Korea Fund by 128.7% in the 4th quarter. Wolverine Asset Management LLC now owns 73,165 shares of the company's stock valued at $1,349,000 after buying an additional 41,171 shares during the period. Mraz Amerine & Associates Inc. raised its holdings in The Korea Fund by 26.2% in the 4th quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company's stock valued at $1,146,000 after buying an additional 12,901 shares during the period. Finally, Matisse Capital purchased a new stake in The Korea Fund in the 4th quarter valued at about $291,000. Institutional investors and hedge funds own 69.99% of the company's stock.
The Korea Fund Stock Up 0.6%
KF traded up $0.12 on Friday, hitting $21.59. The company had a trading volume of 42,027 shares, compared to its average volume of 16,425. The Korea Fund, Inc. has a 1 year low of $18.15 and a 1 year high of $26.30. The company's fifty day moving average price is $20.46 and its 200 day moving average price is $20.24.
About The Korea Fund
(
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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