Matthew J. Sippel Buys 1,000 Shares of The Korea Fund, Inc. (NYSE:KF) Stock

The Korea Fund, Inc. (NYSE:KF) Director Matthew J. Sippel bought 1,000 shares of the stock in a transaction on Thursday, October 17th. The stock was purchased at an average price of $22.25 per share, with a total value of $22,250.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $22,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

The Korea Fund Stock Performance

KF stock opened at $21.99 on Thursday. The Korea Fund, Inc. has a 1-year low of $18.30 and a 1-year high of $26.30. The business has a 50-day moving average price of $23.65 and a 200 day moving average price of $23.99.

Institutional Investors Weigh In On The Korea Fund

Large investors have recently modified their holdings of the business. Shaker Financial Services LLC increased its holdings in The Korea Fund by 3.3% during the second quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock valued at $318,000 after buying an additional 415 shares during the period. Wolverine Asset Management LLC purchased a new stake in The Korea Fund during the second quarter worth $437,000. Mraz Amerine & Associates Inc. boosted its position in The Korea Fund by 169.9% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company’s stock valued at $869,000 after acquiring an additional 22,675 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of The Korea Fund in the 1st quarter valued at $2,041,000. Finally, JBF Capital Inc. raised its position in shares of The Korea Fund by 16.4% in the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock worth $3,426,000 after acquiring an additional 20,000 shares in the last quarter. 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.