Insider Selling: Korea Fund, Inc. (The) (NYSE:KF) Major Shareholder Sells 15,000 Shares of Stock
Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $40.66, for a total transaction of $609,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
City Of London Investment Grou also recently made the following trade(s):
- On Wednesday, June 7th, City Of London Investment Grou acquired 12,428 shares of Korea Fund, Inc. (The) stock. The shares were purchased 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.
Korea Fund, Inc. (NYSE:KF) traded up 0.10% during mid-day trading on Monday, reaching $40.71. 5,735 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $40.75 and a 200-day moving average price of $37.88. Korea Fund, Inc. has a 52 week low of $31.52 and a 52 week high of $42.68.
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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