Korea Fund, Inc. (NYSE:KF)’s share price traded up 2.3% on Thursday . The stock traded as high as $28.78 and last traded at $28.68, 135 shares were traded during mid-day trading. A decline of 97% from the average session volume of 5,141 shares. The stock had previously closed at $28.03.
The firm’s 50 day moving average price is $28.38 and its two-hundred day moving average price is $27.50.
An institutional investor recently bought a new position in Korea Fund stock. RMB Capital Management LLC purchased a new stake in Korea Fund, Inc. (NYSE:KF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 11,938 shares of the company’s stock, valued at approximately $344,000. RMB Capital Management LLC owned 0.22% of Korea Fund at the end of the most recent reporting period. Hedge funds and other institutional investors own 53.30% of the company’s stock.
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.
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