1607 Capital Partners LLC Has $6.03 Million Stock Position in The Korea Fund, Inc. (NYSE:KF)

1607 Capital Partners LLC cut its holdings in shares of The Korea Fund, Inc. (NYSE:KF) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 326,923 shares of the company’s stock after selling 9,140 shares during the quarter. 1607 Capital Partners LLC owned approximately 0.07% of The Korea Fund worth $6,029,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KF. Matisse Capital bought a new stake in The Korea Fund in the fourth quarter valued at about $291,000. Wolverine Asset Management LLC boosted its holdings in The Korea Fund by 128.7% during the fourth quarter. Wolverine Asset Management LLC now owns 73,165 shares of the company’s stock worth $1,349,000 after buying an additional 41,171 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. grew its position in shares of The Korea Fund by 26.2% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 62,111 shares of the company’s stock worth $1,146,000 after buying an additional 12,901 shares during the period. Institutional investors own 69.99% of the company’s stock.

The Korea Fund Trading Up 0.8 %

Shares of NYSE:KF opened at $20.00 on Wednesday. The firm’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $20.48. The Korea Fund, Inc. has a fifty-two week low of $18.15 and a fifty-two week high of $26.30.

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.