Korea Fund, Inc. (The) (NYSE:KF) major shareholder City Of London Investment Grou sold 15,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $40.66, for a total value of $609,900.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

City Of London Investment Grou also recently made the following trade(s):

  • On Wednesday, June 7th, City Of London Investment Grou acquired 12,428 shares of Korea Fund, Inc. (The) stock. The shares were purchased at an average price of $39.99 per share, with a total value of $496,995.72.
  • On Monday, June 5th, City Of London Investment Grou sold 336,635 shares of Korea Fund, Inc. (The) stock. The stock was sold at an average price of $43.22, for a total value of $14,549,364.70.

Korea Fund, Inc. (NYSE:KF) opened at 40.56 on Wednesday. The company’s 50 day moving average price is $40.84 and its 200-day moving average price is $37.95. Korea Fund, Inc. has a 12-month low of $31.52 and a 12-month high of $42.68.

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About Korea Fund, Inc. (The)

The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

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