Korea Fund (NYSE:KF) Shares Up 0.6%

Korea Fund, Inc. (NYSE:KF)’s stock price shot up 0.6% during trading on Friday . The company traded as high as $27.60 and last traded at $27.58, 259 shares traded hands during mid-day trading. A decline of 93% from the average session volume of 3,878 shares. The stock had previously closed at $27.42.

The business’s 50-day simple moving average is $26.17 and its 200-day simple moving average is $28.39.

A hedge fund recently bought a new stake in Korea Fund stock. RMB Capital Management LLC acquired a new stake in Korea Fund, Inc. (NYSE:KF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 quarter. Institutional investors and hedge funds own 51.55% of the company’s stock.

About Korea Fund (NYSE:KF)

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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