Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou purchased 12,428 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average price of $39.99 per share, with a total value of $496,995.72. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Monday, June 5th, City Of London Investment Grou sold 336,635 shares of Korea Fund, Inc. (The) stock. The shares were sold at an average price of $43.22, for a total value of $14,549,364.70.
  • On Wednesday, April 19th, City Of London Investment Grou sold 43,671 shares of Korea Fund, Inc. (The) stock. The shares were sold at an average price of $37.15, for a total value of $1,622,377.65.

Korea Fund, Inc. (KF) traded down 0.48% during trading on Friday, hitting $39.61. The stock had a trading volume of 15,616 shares. Korea Fund, Inc. has a 52 week low of $30.25 and a 52 week high of $41.47. The company’s 50-day moving average is $40.06 and its 200 day moving average is $35.99. The firm has a market cap of $268.79 million, a PE ratio of 53.82 and a beta of 0.65.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/06/16/korea-fund-inc-kf-major-shareholder-city-of-london-investment-grou-buys-12428-shares-of-stock-updated.html.

About Korea Fund, Inc. (The)

The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

Receive News & Stock Ratings for Korea Fund Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korea Fund Inc. (The) and related stocks with our FREE daily email newsletter.