Wolverine Asset Management LLC Sells 19,081 Shares of The Korea Fund, Inc. (NYSE:KF)

Wolverine Asset Management LLC lessened its stake in shares of The Korea Fund, Inc. (NYSE:KFGet Rating) by 86.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,094 shares of the company’s stock after selling 19,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Korea Fund were worth $106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its holdings in shares of The Korea Fund by 2.1% during the fourth quarter. Lazard Asset Management LLC now owns 845,130 shares of the company’s stock worth $29,053,000 after purchasing an additional 17,156 shares during the period. Bank of America Corp DE lifted its holdings in shares of The Korea Fund by 2.3% during the fourth quarter. Bank of America Corp DE now owns 24,579 shares of the company’s stock worth $845,000 after purchasing an additional 556 shares during the period. Matisse Capital acquired a new position in shares of The Korea Fund during the fourth quarter worth $334,000. Allspring Global Investments Holdings LLC acquired a new position in shares of The Korea Fund during the fourth quarter worth $9,616,000. Finally, Segantii Capital Management Ltd acquired a new position in The Korea Fund in the fourth quarter valued at $725,000. 79.00% of the stock is currently owned by hedge funds and other institutional investors.

KF stock opened at $27.72 on Friday. The Korea Fund, Inc. has a 12-month low of $26.33 and a 12-month high of $46.88. The company’s fifty day simple moving average is $29.58 and its 200 day simple moving average is $33.89.

The Korea Fund Profile (Get Rating)

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

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