The Korea Fund, Inc. $KF Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in shares of The Korea Fund, Inc. (NYSE:KF) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 258,318 shares of the company’s stock after selling 15,081 shares during the period. Public Employees Retirement System of Ohio owned 5.35% of The Korea Fund worth $6,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KF. PNC Financial Services Group Inc. lifted its stake in The Korea Fund by 69.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company’s stock valued at $29,000 after buying an additional 600 shares during the last quarter. NewEdge Advisors LLC lifted its stake in The Korea Fund by 91.7% during the first quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock valued at $25,000 after purchasing an additional 610 shares during the last quarter. Bank of America Corp DE boosted its holdings in The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock worth $91,000 after buying an additional 1,350 shares in the last quarter. Mraz Amerine & Associates Inc. lifted its stake in The Korea Fund by 5.0% during the first quarter. Mraz Amerine & Associates Inc. now owns 65,208 shares of the company’s stock valued at $1,313,000 after buying an additional 3,097 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in The Korea Fund by 1.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 243,343 shares of the company’s stock worth $4,857,000 after purchasing an additional 3,479 shares in the last quarter. 69.99% of the stock is owned by institutional investors and hedge funds.

The Korea Fund Stock Performance

KF opened at $29.92 on Monday. The stock has a fifty day moving average of $28.30 and a 200-day moving average of $24.69. The Korea Fund, Inc. has a 12-month low of $18.15 and a 12-month high of $30.93.

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.