Wolverine Asset Management LLC Increases Stake in The Korea Fund, Inc. (NYSE:KF)

Wolverine Asset Management LLC increased its holdings in The Korea Fund, Inc. (NYSE:KF) by 76.5% in the third quarter, Holdings Channel reports. The fund owned 31,994 shares of the company’s stock after purchasing an additional 13,869 shares during the quarter. Wolverine Asset Management LLC’s holdings in The Korea Fund were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mraz Amerine & Associates Inc. lifted its holdings in The Korea Fund by 36.6% during the third 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 during the period. JBF Capital Inc. raised its position in shares of The Korea Fund by 16.4% in the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock worth $3,426,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its stake in shares of The Korea Fund by 3.3% during the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock worth $318,000 after purchasing an additional 415 shares during the last quarter. 69.99% of the stock is currently owned by institutional investors.

The Korea Fund Trading Down 1.3 %

KF opened at $19.77 on Thursday. The business’s 50-day moving average is $22.46 and its two-hundred day moving average is $23.73. The Korea Fund, Inc. has a 1 year low of $19.72 and a 1 year high of $26.30.

The Korea Fund Profile

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.