City Of London Investment Grou Sells 15,000 Shares of Korea Fund, Inc. (The) (NYSE:KF) Stock

Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $40.66, for a total transaction of $609,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Friday, August 11th, City Of London Investment Grou acquired 1,640 shares of Korea Fund, Inc. (The) stock. The shares were purchased at an average cost of $38.03 per share, with a total value of $62,369.20.
  • 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 stock was sold at an average price of $43.22, for a total transaction of $14,549,364.70.

Korea Fund, Inc. (NYSE KF) traded up 1.28% during midday trading on Friday, hitting $39.51. 6,559 shares of the stock traded hands. Korea Fund, Inc. has a one year low of $31.52 and a one year high of $42.68. The company’s 50-day moving average is $40.66 and its 200-day moving average is $38.32.

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A hedge fund recently bought a new stake in Korea Fund, Inc. (The) stock. Aberdeen Asset Management PLC UK bought a new stake in shares of Korea Fund, Inc. (The) (NYSE:KF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,670 shares of the company’s stock, valued at approximately $908,000. Aberdeen Asset Management PLC UK owned about 0.35% of Korea Fund, Inc. (The) as of its most recent filing with the SEC. Institutional investors own 54.24% of the company’s stock.

About Korea Fund, Inc. (The)

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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