The Korea Fund (NYSE:KF) Trading Down 0.2% – Here’s What Happened

The Korea Fund, Inc. (NYSE:KF) shares fell 0.2% on Tuesday . The company traded as low as $19.53 and last traded at $19.58. 43,768 shares traded hands during mid-day trading, an increase of 98% from the average session volume of 22,117 shares. The stock had previously closed at $19.61.

The Korea Fund Price Performance

The stock’s 50 day moving average is $20.00 and its two-hundred day moving average is $22.58.

The Korea Fund Dividend Announcement

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

Institutional Investors Weigh In On The Korea Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of The Korea Fund during the 3rd quarter worth approximately $6,220,000. JBF Capital Inc. increased its position in shares of The Korea Fund by 16.4% during the second quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock valued at $3,426,000 after acquiring an additional 20,000 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in The Korea Fund by 36.6% during the third quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock valued at $1,120,000 after buying an additional 13,185 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in 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 purchasing an additional 13,869 shares during the period. 69.99% of the stock is owned by institutional investors.

The Korea Fund Company 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.