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.

COPYRIGHT VIOLATION NOTICE: “Korea Equity Fund Inc. (KEF) Holdings Boosted by Wells Fargo & Company MN” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/29/korea-equity-fund-inc-kef-holdings-boosted-by-wells-fargo-company-mn.html.

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.

Want to see what other hedge funds are holding KEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Korea Equity Fund Inc. (NYSE:KEF).

Institutional Ownership by Quarter for Korea Equity Fund (NYSE:KEF)

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