Public Employees Retirement System of Ohio Takes $6.22 Million Position in The Korea Fund, Inc. (NYSE:KF)

Public Employees Retirement System of Ohio purchased a new position in The Korea Fund, Inc. (NYSE:KF) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 273,399 shares of the company’s stock, valued at approximately $6,220,000. Public Employees Retirement System of Ohio owned approximately 5.66% of The Korea Fund at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Shaker Financial Services LLC boosted its holdings in shares of The Korea Fund by 3.3% in the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock worth $318,000 after purchasing an additional 415 shares during the period. Mraz Amerine & Associates Inc. boosted its stake in The Korea Fund by 36.6% during the third quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock worth $1,120,000 after buying an additional 13,185 shares during the period. Wolverine Asset Management LLC increased its position in The Korea Fund by 76.5% during the third quarter. Wolverine Asset Management LLC now owns 31,994 shares of the company’s stock valued at $728,000 after acquiring an additional 13,869 shares during the last quarter. Finally, JBF Capital Inc. raised its stake in shares of The Korea Fund by 16.4% in the second 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 period. 69.99% of the stock is owned by institutional investors.

The Korea Fund Stock Up 0.3 %

KF stock opened at $20.08 on Friday. The Korea Fund, Inc. has a 12 month low of $18.79 and a 12 month high of $26.30. The company has a 50-day moving average price of $21.05 and a 200 day moving average price of $23.13.

About The Korea Fund

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.