Allspring Global Investments Holdings LLC cut its stake in The Korea Fund, Inc. (NYSE:KF - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 403,384 shares of the company's stock after selling 36,827 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 8.20% of The Korea Fund worth $9,439,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new stake in shares of The Korea Fund during the third quarter worth approximately $55,000. LPL Financial LLC increased its position in shares of The Korea Fund by 22.6% during the third quarter. LPL Financial LLC now owns 12,355 shares of the company's stock worth $260,000 after purchasing an additional 2,280 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of The Korea Fund during the third quarter worth approximately $244,000. City of London Investment Management Co. Ltd. increased its position in shares of The Korea Fund by 2.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,685,599 shares of the company's stock worth $35,448,000 after purchasing an additional 34,118 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of The Korea Fund by 3,005.6% during the fourth quarter. Morgan Stanley now owns 32,174 shares of the company's stock worth $670,000 after purchasing an additional 31,138 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.
The Korea Fund Stock Down 0.4 %
NYSE:KF traded down $0.10 during trading hours on Wednesday, hitting $22.98. The company had a trading volume of 10,751 shares, compared to its average volume of 17,779. The company has a 50-day moving average of $24.19 and a 200 day moving average of $22.42. The Korea Fund, Inc. has a 1 year low of $18.30 and a 1 year high of $25.56.
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.
Featured Articles
Before you consider The Korea Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Korea Fund wasn't on the list.
While The Korea Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
