1607 Capital Partners LLC Has $5.70 Million Position in 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 lowered its position in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 36.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,697 shares of the company's stock after selling 98,123 shares during the quarter. 1607 Capital Partners LLC owned approximately 2.69% of Taiwan Fund worth $5,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of TWN. Cetera Investment Advisers bought a new stake in Taiwan Fund during the 4th quarter valued at $206,000. Janus Henderson Group PLC acquired a new stake in shares of Taiwan Fund in the fourth quarter valued at $268,000. Banque Cantonale Vaudoise purchased a new stake in Taiwan Fund in the first quarter valued at $830,000. Quantedge Capital Pte Ltd lifted its holdings in Taiwan Fund by 41.8% in the fourth quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company's stock valued at $969,000 after acquiring an additional 7,395 shares during the period. Finally, Shaker Financial Services LLC boosted its stake in shares of Taiwan Fund by 22.2% during the 1st quarter. Shaker Financial Services LLC now owns 43,272 shares of the company's stock worth $1,437,000 after purchasing an additional 7,861 shares during the last quarter.

Taiwan Fund Price Performance

Shares of TWN stock traded up $0.97 on Monday, hitting $52.07. The stock had a trading volume of 3,795 shares, compared to its average volume of 18,934. The stock's 50 day moving average is $47.14 and its 200-day moving average is $39.73. Taiwan Fund, Inc. has a 52-week low of $26.45 and a 52-week high of $52.50.

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.