Allspring Global Investments Holdings LLC grew its stake in shares of The Korea Fund, Inc. (NYSE:KF – Get Rating) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,515 shares of the company's stock after buying an additional 107,710 shares during the quarter. Allspring Global Investments Holdings LLC owned 8.01% of The Korea Fund worth $8,343,000 at the end of the most recent quarter.
Separately, Bank of America Corp DE boosted its position in The Korea Fund by 10.4% during the 1st quarter. Bank of America Corp DE now owns 27,142 shares of the company's stock valued at $817,000 after buying an additional 2,563 shares during the period. Institutional investors and hedge funds own 52.81% of the company's stock.
Get The Korea Fund alerts:The Korea Fund Stock Down 0.9 %
Shares of NYSE:KF opened at $21.49 on Friday. The company has a 50-day moving average price of $22.37 and a 200-day moving average price of $22.32. The Korea Fund, Inc. has a 12 month low of $19.19 and a 12 month high of $30.57.
About The Korea Fund
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The Korea Fund is designed to provide capital appreciation through investments in securities. Their firm screens stocks based on a broad range of variables, including price-to-earnings ratios, dividend yields and earnings-per-share growth.
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