Korea Equity Fund Inc. (KEF) Holdings Boosted by Wells Fargo & Company MN
Wells Fargo & Company MN increased its position in shares of Korea Equity Fund Inc. (NYSE:KEF) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 222,381 shares of the financial services provider’s stock after acquiring an additional 19,577 shares during the quarter. Wells Fargo & Company MN’s holdings in Korea Equity Fund were worth $1,565,000 at the end of the most recent quarter.
Separately, ING Groep NV acquired a new position in shares of Korea Equity Fund during the second quarter valued at $211,000. Hedge funds and other institutional investors own 67.88% of the company’s stock.
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Korea Equity Fund Inc. (KEF) opened at 7.04 on Friday. The stock’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 52 week low of $7.01 and a 52 week high of $9.62.
Korea Equity Fund 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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