Allspring Global Investments Holdings LLC trimmed its holdings in The Korea Fund, Inc. (NYSE:KF – Free Report) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,384 shares of the company’s stock after selling 36,827 shares during the quarter. Allspring Global Investments Holdings LLC owned 8.20% of The Korea Fund worth $9,439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of KF. Qube Research & Technologies Ltd acquired a new stake in The Korea Fund in the 3rd quarter valued at about $55,000. Wolverine Asset Management LLC purchased a new stake in The Korea Fund during the third quarter valued at about $244,000. LPL Financial LLC lifted its stake in The Korea Fund by 22.6% during the third quarter. LPL Financial LLC now owns 12,355 shares of the company’s stock valued at $260,000 after buying an additional 2,280 shares in the last quarter. Morgan Stanley lifted its stake in The Korea Fund by 3,005.6% during the fourth quarter. Morgan Stanley now owns 32,174 shares of the company’s stock valued at $670,000 after buying an additional 31,138 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in The Korea Fund by 10.4% during the first quarter. Bank of America Corp DE now owns 27,142 shares of the company’s stock valued at $817,000 after buying an additional 2,563 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.
The Korea Fund Stock Down 1.4 %
KF stock opened at $23.07 on Wednesday. The Korea Fund, Inc. has a one year low of $18.30 and a one year high of $25.56. The firm has a 50-day moving average of $24.18 and a two-hundred day moving average of $22.42.
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.
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