Mraz Amerine & Associates Inc. Sells 30,378 Shares of The Korea Fund, Inc. $KF

Mraz Amerine & Associates Inc. decreased its holdings in The Korea Fund, Inc. (NYSE:KF) by 45.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,847 shares of the company’s stock after selling 30,378 shares during the period. Mraz Amerine & Associates Inc.’s holdings in The Korea Fund were worth $2,419,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Saba Capital Management L.P. lifted its holdings in The Korea Fund by 213.3% during the 1st quarter. Saba Capital Management L.P. now owns 218,139 shares of the company’s stock worth $9,794,000 after buying an additional 148,522 shares during the period. Blue Bell Private Wealth Management LLC grew its position in shares of The Korea Fund by 413.6% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 5,085 shares of the company’s stock valued at $334,000 after buying an additional 4,095 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of The Korea Fund in the 2nd quarter valued at about $30,000. Corient Private Wealth LP bought a new stake in shares of The Korea Fund in the 2nd quarter valued at about $360,000. Finally, Hudson Portfolio Management LLC acquired a new stake in shares of The Korea Fund in the second quarter valued at about $209,000. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Stock Performance

Shares of KF opened at $55.38 on Wednesday. The Korea Fund, Inc. has a 1 year low of $32.01 and a 1 year high of $81.94. The business has a 50-day moving average of $62.50 and a 200-day moving average of $59.29.

About The Korea Fund

The Korea Fund, Inc (NYSE: KF) is a non-diversified, closed-end investment company focused on providing long-term capital appreciation through investments in South Korean securities. Unlike an operating company, it does not manufacture products or provide services directly; instead, it offers investors a professionally managed portfolio with exposure to Korea’s equity markets.

The fund invests primarily in the common stocks of companies organized or operating in South Korea. Its portfolio may also include other equity securities, such as preferred shares and securities that provide exposure to Korean companies.