Insider Buying: Korea Fund, Inc. (The) (KF) Major Shareholder Acquires 1,640 Shares of Stock
Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou bought 1,640 shares of Korea Fund, Inc. (The) stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $38.03 per share, with a total value of $62,369.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
City Of London Investment Grou also recently made the following trade(s):
- On Thursday, August 3rd, City Of London Investment Grou sold 15,000 shares of Korea Fund, Inc. (The) stock. The shares were sold at an average price of $40.66, for a total transaction of $609,900.00.
- On Wednesday, June 7th, City Of London Investment Grou bought 12,428 shares of Korea Fund, Inc. (The) stock. The shares were acquired at an average cost of $39.99 per share, with a total value of $496,995.72.
- On Monday, June 5th, City Of London Investment Grou sold 336,635 shares of Korea Fund, Inc. (The) stock. The shares were sold at an average price of $43.22, for a total transaction of $14,549,364.70.
Shares of Korea Fund, Inc. (KF) traded up 0.44% during mid-day trading on Tuesday, reaching $39.16. 6,775 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $40.76 and its 200-day moving average price is $38.24. Korea Fund, Inc. has a one year low of $31.52 and a one year high of $42.68.
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An institutional investor recently raised its position in Korea Fund, Inc. (The) stock. Gramercy Funds Management LLC raised its stake in shares of Korea Fund, Inc. (The) (NYSE:KF) by 24.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 137,781 shares of the company’s stock after buying an additional 27,045 shares during the period. Korea Fund, Inc. (The) comprises about 1.0% of Gramercy Funds Management LLC’s investment portfolio, making the stock its 4th largest position. Gramercy Funds Management LLC owned about 2.11% of Korea Fund, Inc. (The) worth $5,517,000 as of its most recent filing with the SEC. 54.24% of the stock is currently owned by institutional investors and hedge funds.
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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