The Korea Fund (NYSE:KF) Trading Up 0% – What’s Next?

The Korea Fund, Inc. (NYSE:KF)’s share price shot up 0% during mid-day trading on Tuesday . The stock traded as high as $20.17 and last traded at $19.74. 7,953 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 18,309 shares. The stock had previously closed at $19.73.

The Korea Fund Price Performance

The company’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $22.03.

The Korea Fund Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 27th were paid a $0.4542 dividend. The ex-dividend date of this dividend was Friday, December 27th.

Institutional Trading of The Korea Fund

Large investors have recently bought and sold shares of the business. Matisse Capital bought a new stake in shares of The Korea Fund during the 4th quarter valued at about $291,000. Wolverine Asset Management LLC lifted its stake in The Korea Fund by 76.5% in the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company’s stock valued at $728,000 after buying an additional 13,869 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in shares of The Korea Fund by 36.6% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock worth $1,120,000 after buying an additional 13,185 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of The Korea Fund during the 3rd quarter worth approximately $6,220,000. 69.99% of the stock is currently owned by institutional investors and hedge funds.

About The Korea Fund

The Korea Fund, Inc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies.