Wolverine Asset Management LLC Grows Stake in The Korea Fund, Inc. (NYSE:KF)

Wolverine Asset Management LLC increased its holdings in shares of The Korea Fund, Inc. (NYSE:KF) by 128.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,165 shares of the company’s stock after purchasing an additional 41,171 shares during the quarter. Wolverine Asset Management LLC owned approximately 1.51% of The Korea Fund worth $1,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KF. Matisse Capital acquired a new stake in The Korea Fund during the fourth quarter worth approximately $291,000. Mraz Amerine & Associates Inc. grew its position in shares of The Korea Fund by 36.6% in the 3rd quarter. Mraz Amerine & Associates Inc. now owns 49,210 shares of the company’s stock valued at $1,120,000 after buying an additional 13,185 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in The Korea Fund during the 3rd quarter worth $6,220,000. 69.99% of the stock is owned by institutional investors and hedge funds.

The Korea Fund Price Performance

Shares of KF opened at $21.21 on Friday. The Korea Fund, Inc. has a 1-year low of $18.35 and a 1-year high of $26.30. The firm has a fifty day moving average price of $19.81 and a 200 day moving average price of $21.52.

The Korea Fund Announces Dividend

The company also recently announced a — dividend, which was paid on Monday, January 6th. Stockholders of record on Friday, December 27th were issued a $0.4542 dividend. The ex-dividend date of this dividend was Friday, December 27th.

The Korea Fund 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.