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

Public Employees Retirement System of Ohio purchased a new position in The Korea Fund, Inc. (NYSE:KF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 273,399 shares of the company’s stock, valued at approximately $6,220,000. Public Employees Retirement System of Ohio owned about 0.06% of The Korea Fund at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Shaker Financial Services LLC raised its position in The Korea Fund by 3.3% during the 2nd quarter. Shaker Financial Services LLC now owns 13,161 shares of the company’s stock valued at $318,000 after purchasing an additional 415 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of The Korea Fund during the second quarter valued at $437,000. Mraz Amerine & Associates Inc. raised its holdings in shares of The Korea Fund by 169.9% in the second quarter. Mraz Amerine & Associates Inc. now owns 36,025 shares of the company’s stock valued at $869,000 after acquiring an additional 22,675 shares in the last quarter. Finally, JBF Capital Inc. raised its holdings 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 in the last quarter. 69.99% of the stock is currently owned by institutional investors.

The Korea Fund Trading Up 0.3 %

Shares of The Korea Fund stock opened at $20.08 on Friday. The firm’s 50-day moving average is $21.05 and its two-hundred day moving average is $23.13. The Korea Fund, Inc. has a 1 year low of $18.79 and a 1 year high of $26.30.

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.