The Korea Fund, Inc. $KF Shares Sold by 1607 Capital Partners LLC

1607 Capital Partners LLC lessened its position in The Korea Fund, Inc. (NYSE:KF) by 42.2% during the fourth quarter, Holdings Channel reports. The fund owned 113,770 shares of the company’s stock after selling 83,080 shares during the quarter. 1607 Capital Partners LLC’s holdings in The Korea Fund were worth $4,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. City of London Investment Management Co. Ltd. increased its holdings in shares of The Korea Fund by 10.1% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,456,201 shares of the company’s stock worth $44,538,000 after acquiring an additional 134,103 shares during the period. Cornerstone Wealth Management LLC increased its holdings in shares of The Korea Fund by 9.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 27,870 shares of the company’s stock worth $1,012,000 after acquiring an additional 2,385 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of The Korea Fund in the 4th quarter worth about $439,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of The Korea Fund in the 4th quarter worth about $225,000. Finally, Bank of America Corp DE increased its holdings in shares of 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 worth $91,000 after acquiring an additional 1,350 shares during the period. Institutional investors and hedge funds own 69.99% of the company’s stock.

The Korea Fund Stock Up 0.1%

KF stock opened at $75.06 on Thursday. The Korea Fund, Inc. has a fifty-two week low of $24.97 and a fifty-two week high of $78.87. The firm’s 50-day simple moving average is $64.20 and its 200 day simple moving average is $50.83.

The Korea Fund Profile

The Korea Fund, Inc (NYSE: KF) is a closed-end management investment company that provides U.S. investors with focused exposure to the South Korean equity market. Established in 1953, it is one of the oldest U.S. funds dedicated to investing in Korean securities. The Fund is domiciled in Delaware and trades on the New York Stock Exchange, offering investors access to a broad range of companies operating in one of Asia’s leading economies.

The Fund’s primary business activity is the acquisition of common stocks and American depositary receipts issued by companies that are either domiciled in South Korea or derive a significant portion of their revenues from Korean operations.