City Of London Investment Grou Acquires 12,428 Shares of Korea Fund, Inc. (The) (KF) Stock
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.
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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.
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