KOREA EQUITY FD (NYSE:KEF) major shareholder Bulldog Investors, Llc bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was bought at an average cost of $8.14 per share, for a total transaction of $407,000.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
KOREA EQUITY FD (NYSE:KEF) opened at 8.16 on Tuesday. KOREA EQUITY FD has a 52-week low of $6.77 and a 52-week high of $8.73. The firm has a 50-day moving average of $7.89 and a 200-day moving average of $7.97.
“Insider Buying: KOREA EQUITY FD (KEF) Major Shareholder Buys $407,000.00 in Stock” was reported by sleekmoney and is owned by of sleekmoney. If you are reading this news story on another site, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at http://sleekmoney.com/insider-buying-korea-equity-fd-kef-major-shareholder-buys-407000-00-in-stock/1660217.html.
About KOREA EQUITY FD
Korea Equity Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investments primarily in equity securities of South Korean companies. Under normal circumstances, the Fund will invest approximately 80% of its total assets in such securities.
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