Allspring Global Investments Holdings LLC Sells 99,374 Shares of The Korea Fund, Inc. (NYSE:KF)

Allspring Global Investments Holdings LLC reduced its stake in shares of The Korea Fund, Inc. (NYSE:KF) by 25.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,314 shares of the company’s stock after selling 99,374 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.06% of The Korea Fund worth $6,491,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Shaker Financial Services LLC grew its position 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 buying an additional 415 shares during the period. Wolverine Asset Management LLC bought a new position in The Korea Fund in the second quarter valued at approximately $437,000. Mraz Amerine & Associates Inc. grew its holdings in The Korea Fund by 169.9% during the 2nd quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company’s stock worth $869,000 after acquiring an additional 22,675 shares during the period. Commonwealth Equity Services LLC acquired a new stake in The Korea Fund during the 1st quarter worth $2,041,000. Finally, JBF Capital Inc. raised its position in shares of The Korea Fund by 16.4% during the 2nd quarter. JBF Capital Inc. now owns 142,000 shares of the company’s stock valued at $3,426,000 after acquiring an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.

The Korea Fund Stock Performance

NYSE:KF opened at $21.85 on Monday. The Korea Fund, Inc. has a 12-month low of $18.30 and a 12-month high of $26.30. The stock’s fifty day simple moving average is $23.50 and its 200-day simple moving average is $23.94.

The Korea Fund Company 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.