1607 Capital Partners LLC Sells 98,123 Shares of Taiwan Fund, Inc. (The) $TWN

Key Points

• 1607 Capital Partners LLC reduced its stake in Taiwan Fund, Inc. by 36.4%, owning approximately 171,697 shares valued at $5.7 million after the sale.
• Other institutional investors, such as Matisse Capital and Thomas J. Herzfeld Advisors, have increased their positions in the Taiwan Fund during the first quarter.
• As of Wednesday, Taiwan Fund's stock price opened at $50.52, with a 1-year high of $50.75 and a low of $26.45.

1607 Capital Partners LLC trimmed its stake in shares of Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 36.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,697 shares of the company's stock after selling 98,123 shares during the quarter. 1607 Capital Partners LLC owned about 2.69% of Taiwan Fund worth $5,702,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. CSS LLC IL boosted its position in shares of Taiwan Fund by 1.5% in the fourth quarter. CSS LLC IL now owns 49,394 shares of the company's stock valued at $1,909,000 after acquiring an additional 732 shares during the period. Matisse Capital boosted its position in shares of Taiwan Fund by 7.1% in the first quarter. Matisse Capital now owns 75,000 shares of the company's stock valued at $2,491,000 after acquiring an additional 5,000 shares during the period. Cetera Investment Advisers bought a new stake in shares of Taiwan Fund in the fourth quarter valued at about $206,000. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of Taiwan Fund by 7.8% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 74,104 shares of the company's stock valued at $2,461,000 after acquiring an additional 5,387 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of Taiwan Fund in the fourth quarter valued at about $268,000.

Taiwan Fund Trading Up 1.2%

TWN traded up $0.61 on Friday, hitting $51.10. 16,495 shares of the stock were exchanged, compared to its average volume of 8,602. Taiwan Fund, Inc. has a 12 month low of $26.45 and a 12 month high of $52.31. The business has a 50-day moving average of $47.14 and a two-hundred day moving average of $39.72.

Taiwan Fund Company Profile

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.