Allspring Global Investments Holdings LLC Has $3.54 Million Position in The Korea Fund, Inc. $KF

Allspring Global Investments Holdings LLC lowered its position in The Korea Fund, Inc. (NYSE:KF) by 42.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 97,389 shares of the company’s stock after selling 72,586 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.02% of The Korea Fund worth $3,537,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of The Korea Fund by 91.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock worth $25,000 after acquiring an additional 610 shares during the period. Bank of America Corp DE boosted its stake 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. Shaker Financial Services LLC acquired a new stake in The Korea Fund during the third quarter worth $242,000. Cornerstone Wealth Management LLC boosted its stake in The Korea Fund by 155.1% during the third quarter. Cornerstone Wealth Management LLC now owns 25,485 shares of the company’s stock worth $779,000 after buying an additional 15,495 shares in the last quarter. Finally, City of London Investment Management Co. Ltd. boosted its stake in The Korea Fund by 10.1% during the third quarter. City of London Investment Management Co. Ltd. now owns 1,456,201 shares of the company’s stock worth $44,538,000 after buying an additional 134,103 shares in the last quarter. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Price Performance

NYSE KF opened at $45.86 on Wednesday. The company’s 50-day simple moving average is $48.38 and its 200 day simple moving average is $40.10. The Korea Fund, Inc. has a twelve month low of $18.15 and a twelve month high of $58.59.

About The Korea Fund

The Korea Fund, Inc (NYSE: KF) is a closed-end management investment company that provides U.S. investors with focused exposure to the South Korean equity market. Established in 1953, it is one of the oldest U.S. funds dedicated to investing in Korean securities. The Fund is domiciled in Delaware and trades on the New York Stock Exchange, offering investors access to a broad range of companies operating in one of Asia’s leading economies.

The Fund’s primary business activity is the acquisition of common stocks and American depositary receipts issued by companies that are either domiciled in South Korea or derive a significant portion of their revenues from Korean operations.