City of London Investment Management Co. Ltd. Boosts Holdings in The Korea Fund, Inc. (NYSE:KF)

City of London Investment Management Co. Ltd. lifted its position in shares of The Korea Fund, Inc. (NYSE:KF – Get Rating) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,729,497 shares of the company’s stock after buying an additional 122,298 shares during the quarter. The Korea Fund makes up 2.9% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 13th largest position. City of London Investment Management Co. Ltd. owned about 34.57% of The Korea Fund worth $36,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of KF. Bank of America Corp DE lifted its position in shares of 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 worth $817,000 after purchasing an additional 2,563 shares in the last quarter. Matisse Capital bought a new stake in The Korea Fund during the fourth quarter valued at $202,000. Wolverine Asset Management LLC increased its stake in The Korea Fund by 251.6% during the third quarter. Wolverine Asset Management LLC now owns 15,378 shares of the company’s stock valued at $295,000 after purchasing an additional 11,004 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of The Korea Fund by 36.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 400,515 shares of the company’s stock valued at $8,343,000 after acquiring an additional 107,710 shares during the period. 52.81% of the stock is currently owned by hedge funds and other institutional investors.

The Korea Fund Stock Performance

Shares of NYSE:KF traded up $0.34 during trading hours on Friday, hitting $22.24. 1,481 shares of the company’s stock traded hands, compared to its average volume of 10,282. The Korea Fund, Inc. has a 52 week low of $19.19 and a 52 week high of $29.16. The company’s fifty day simple moving average is $21.59 and its two-hundred day simple moving average is $22.63.

The Korea Fund Company Profile

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The Korea Fund is designed to provide capital appreciation through investments in securities. Their firm screens stocks based on a broad range of variables, including price-to-earnings ratios, dividend yields and earnings-per-share growth.