The Korea Fund (NYSE:KF) Stock Price Up 0.8% – Should You Buy?

The Korea Fund, Inc. (NYSE:KF) rose 0.8% during trading on Monday . The stock traded as high as $36.38 and last traded at $36.09. Approximately 12,344 shares traded hands during trading, a decline of 23% from the average daily volume of 15,929 shares. The stock had previously closed at $35.80.

The Korea Fund Trading Up 0.7%

The firm has a fifty day moving average price of $34.33 and a 200 day moving average price of $29.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of The Korea Fund by 37.5% during the fourth quarter. Bank of America Corp DE now owns 4,953 shares of the company’s stock valued at $91,000 after acquiring an additional 1,350 shares during the period. PNC Financial Services Group Inc. grew its position in The Korea Fund by 69.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,470 shares of the company’s stock worth $29,000 after purchasing an additional 600 shares in the last quarter. NewEdge Advisors LLC raised its stake in The Korea Fund by 91.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,275 shares of the company’s stock valued at $25,000 after purchasing an additional 610 shares during the period. Strs Ohio acquired a new stake in The Korea Fund during the 1st quarter valued at $395,000. Finally, Mraz Amerine & Associates Inc. lifted its holdings in shares of The Korea Fund by 4.6% in the second quarter. Mraz Amerine & Associates Inc. now owns 68,188 shares of the company’s stock valued at $1,836,000 after purchasing an additional 2,980 shares in the last quarter. 69.99% of the stock is currently owned by institutional investors and hedge funds.

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.