The Korea Fund (NYSE:KF) Shares Down 0.2% – What’s Next?

The Korea Fund, Inc. (NYSE:KF)’s share price traded down 0.2% on Tuesday . The stock traded as low as $19.53 and last traded at $19.58. 43,768 shares were traded 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 company’s 50 day simple moving average is $19.97 and its 200 day simple moving average is $22.56.

The Korea Fund Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 27th were given a $0.4542 dividend. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Investors Weigh In On The Korea Fund

Several institutional investors have recently added to or reduced their stakes in KF. Wolverine Asset Management LLC grew its holdings 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 worth $728,000 after purchasing an additional 13,869 shares during the last quarter. Mraz Amerine & Associates Inc. increased 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 worth $1,120,000 after buying an additional 13,185 shares during the period. JBF Capital Inc. increased its position in The Korea Fund by 16.4% during the second quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock worth $3,426,000 after buying an additional 20,000 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in The Korea Fund in the third quarter valued at approximately $6,220,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

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.