The Korea Fund, Inc. (NYSE:KF) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC cut its stake in The Korea Fund, Inc. (NYSE:KF) by 72.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,161 shares of the company’s stock after selling 8,426 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Korea Fund were worth $74,000 as of its most recent SEC filing.

Separately, City of London Investment Management Co. Ltd. lifted its stake in The Korea Fund by 2.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,685,599 shares of the company’s stock worth $35,448,000 after purchasing an additional 34,118 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

The Korea Fund Stock Up 1.3 %

NYSE KF opened at $23.74 on Monday. The stock has a 50-day moving average of $24.26 and a two-hundred day moving average of $22.57. The Korea Fund, Inc. has a 1-year low of $18.30 and a 1-year high of $25.56.

The Korea Fund 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.