City of London Investment Management Co. Ltd. Sells 19,706 Shares of Taiwan Fund, Inc. (The) (NYSE:TWN)

Key Points

• City of London Investment Management Co. Ltd. reduced its holdings in Taiwan Fund, Inc. by 0.8%, retaining approximately 2.55 million shares, valued at around $84.8 million.
• Other hedge funds have also made moves in Taiwan Fund, including Cetera Investment Advisers and Janus Henderson Group PLC, both acquiring new positions in the last quarter.
• The share price of Taiwan Fund has seen fluctuations, with a 1-year low of $26.45 and a high of $47.24, currently trading at $45.98.

City of London Investment Management Co. Ltd. reduced its stake in shares of Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 0.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,554,493 shares of the company's stock after selling 19,706 shares during the quarter. Taiwan Fund comprises approximately 9.1% of City of London Investment Management Co. Ltd.'s holdings, making the stock its largest position. City of London Investment Management Co. Ltd. owned 39.95% of Taiwan Fund worth $84,835,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TWN. Cetera Investment Advisers acquired a new stake in shares of Taiwan Fund in the fourth quarter valued at $206,000. Janus Henderson Group PLC purchased a new stake in Taiwan Fund in the 4th quarter worth about $268,000. Almitas Capital LLC lifted its stake in Taiwan Fund by 12.7% in the 4th quarter. Almitas Capital LLC now owns 8,547 shares of the company's stock worth $330,000 after acquiring an additional 962 shares in the last quarter. LPL Financial LLC purchased a new stake in Taiwan Fund in the 4th quarter worth about $737,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Taiwan Fund during the 1st quarter worth about $830,000.

Taiwan Fund Stock Up 0.6%

Shares of TWN traded up $0.27 during midday trading on Friday, reaching $47.57. 4,748 shares of the stock were exchanged, compared to its average volume of 20,216. Taiwan Fund, Inc. has a 12-month low of $26.45 and a 12-month high of $47.63. The firm has a 50 day simple moving average of $43.81 and a 200-day simple moving average of $38.11.

Taiwan Fund 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.