Icon Advisers Inc. Co. Buys New Stake in Korea Equity Fund Inc. (KEF)
Icon Advisers Inc. Co. bought a new stake in shares of Korea Equity Fund Inc. (NYSE:KEF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 214,307 shares of the financial services provider’s stock, valued at approximately $1,509,000.
Separately, Wells Fargo & Company MN boosted its position in shares of Korea Equity Fund by 9.7% during the 2nd quarter. Wells Fargo & Company MN now owns 222,381 shares of the financial services provider’s stock valued at $1,565,000 after purchasing an additional 19,577 shares in the last quarter. Institutional investors own 67.88% of the company’s stock.
In other Korea Equity Fund news, major shareholder Investors General Part Bulldog bought 45,200 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The shares were bought at an average cost of $9.54 per share, with a total value of $431,208.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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Shares of Korea Equity Fund Inc. (NYSE KEF) opened at 7.04 on Friday. The company’s 50 day moving average price is $9.52 and its 200 day moving average price is $8.61. Korea Equity Fund Inc. has a 12 month low of $7.01 and a 12 month high of $9.62.
Korea Equity Fund Company Profile
Korea Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies. Under normal circumstances, the Fund will invest approximately 80% of its total assets in such securities.
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