Matisse Capital Takes Position in The Korea Fund, Inc. (NYSE:KF)

Matisse Capital purchased a new position in shares of The Korea Fund, Inc. (NYSE:KF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,764 shares of the company’s stock, valued at approximately $291,000. Matisse Capital owned about 0.33% of The Korea Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Wolverine Asset Management LLC increased its stake in shares of The Korea Fund by 76.5% during the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company’s stock valued at $728,000 after acquiring an additional 13,869 shares during the period. Mraz Amerine & Associates Inc. lifted its stake in shares of The Korea Fund by 36.6% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock valued at $1,120,000 after purchasing an additional 13,185 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of The Korea Fund in the 3rd quarter valued at $6,220,000. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Performance

NYSE:KF opened at $19.46 on Tuesday. The firm’s 50-day moving average is $19.68 and its 200-day moving average is $21.86. The Korea Fund, Inc. has a 52-week low of $18.35 and a 52-week high of $26.30.

The Korea Fund Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 27th were paid a dividend of $0.4542 per share. The ex-dividend date was Friday, December 27th.

About The Korea Fund

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.