Insider Buying: KOREA EQUITY FD (KEF) Major Shareholder Buys $407,000.00 in Stock

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.

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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.

5 Day Chart for NYSE:KEF

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