The Korea Fund, Inc. $KF Position Cut by Wolverine Asset Management LLC

Wolverine Asset Management LLC trimmed its stake in The Korea Fund, Inc. (NYSE:KF) by 96.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,592 shares of the company’s stock after selling 78,564 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.05% of The Korea Fund worth $70,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KF. NewEdge Advisors LLC lifted its stake in The Korea Fund by 91.7% in the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock valued at $25,000 after buying an additional 610 shares during the last quarter. PNC Financial Services Group Inc. increased its position in The Korea Fund by 69.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company’s stock worth $29,000 after buying an additional 600 shares during the period. Bank of America Corp DE boosted its stake 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 in the last quarter. Strs Ohio acquired a new position in The Korea Fund in the first quarter worth $395,000. Finally, Mraz Amerine & Associates Inc. lifted its stake in shares of The Korea Fund by 5.0% during the first quarter. Mraz Amerine & Associates Inc. now owns 65,208 shares of the company’s stock valued at $1,313,000 after acquiring an additional 3,097 shares during the period. 69.99% of the stock is currently owned by institutional investors.

The Korea Fund Trading Up 4.0%

NYSE KF opened at $37.61 on Tuesday. The stock has a 50-day simple moving average of $31.13 and a 200 day simple moving average of $27.09. The Korea Fund, Inc. has a 12 month low of $18.15 and a 12 month high of $37.69.

The Korea Fund Profile

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.