City of London Investment Management Co. Ltd. lessened its stake in shares of Korea Fund, Inc. (The) (NYSE:KF) by 15.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,084,859 shares of the company’s stock after selling 367,898 shares during the period. Korea Fund, Inc. (The) makes up about 6.3% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 3rd biggest position. City of London Investment Management Co. Ltd. owned approximately 31.89% of Korea Fund, Inc. (The) worth $83,561,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Aberdeen Asset Management PLC UK acquired a new stake in Korea Fund, Inc. (The) during the 2nd quarter valued at approximately $908,000. 53.32% of the stock is currently owned by institutional investors and hedge funds.

In other Korea Fund, Inc. (The) news, major shareholder City Of London Investment Grou bought 1,640 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $38.03 per share, for a total transaction of $62,369.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 59.52% of the company’s stock.

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Korea Fund, Inc. (The) Company Profile

The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

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Institutional Ownership by Quarter for Korea Fund, Inc. (The) (NYSE:KF)

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