The Korea Fund, Inc. (NYSE:KF – Get Free Report) rose 2.3% during mid-day trading on Friday. The stock traded as high as $67.33 and last traded at $67.1980. 27,235 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 25,671 shares. The stock had previously closed at $65.69.
The Korea Fund Stock Performance
The stock has a 50-day simple moving average of $62.91 and a 200 day simple moving average of $62.10.
Institutional Investors Weigh In On The Korea Fund
A number of large investors have recently bought and sold shares of KF. Integrated Wealth Concepts LLC acquired a new stake in The Korea Fund during the 2nd quarter valued at approximately $30,000. Corient Private Wealth LP purchased a new position in shares of The Korea Fund during the second quarter worth $360,000. Hudson Portfolio Management LLC purchased a new position in shares of The Korea Fund during the second quarter worth $209,000. NewEdge Advisors LLC lifted its position in The Korea Fund by 122.1% during the first quarter. NewEdge Advisors LLC now owns 1,355 shares of the company’s stock valued at $61,000 after purchasing an additional 745 shares during the period. Finally, Saba Capital Management L.P. boosted its holdings in The Korea Fund by 213.3% in the first quarter. Saba Capital Management L.P. now owns 218,139 shares of the company’s stock valued at $9,794,000 after purchasing an additional 148,522 shares during the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
About The Korea Fund
The Korea Fund, Inc (NYSE: KF) is a non-diversified, closed-end investment company focused on South Korea. Its investment objective is long-term capital appreciation through investments primarily in the equity securities of Korean companies.
The fund provides investors with exposure to a range of industries and businesses within South Korea, including companies listed on the country’s public equity markets. Its portfolio may include large, established businesses as well as other Korean issuers selected for their growth and investment potential.
Established in 1984, The Korea Fund was among the early country-focused investment funds designed to give international investors access to South Korea’s developing capital markets.
See Also
- Five stocks we like better than The Korea Fund
- Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
- Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
- Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
- Oil May Be Stronger Than It Looks—And Diamondback Is on Sale
Receive News & Ratings for The Korea Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Korea Fund and related companies with MarketBeat.com's FREE daily email newsletter.
