Taiwan Fund, Inc. (The) (NYSE:TWN) Shares Sold by City of London Investment Management Co. Ltd.

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. lessened its stake in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 0.8% in the 1st quarter, according to 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 period. Taiwan Fund accounts for 9.1% of City of London Investment Management Co. Ltd.'s portfolio, making the stock its largest holding. City of London Investment Management Co. Ltd. owned about 39.95% of Taiwan Fund worth $84,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC bought a new stake in shares of Taiwan Fund during the 4th quarter valued at $737,000. Shaker Financial Services LLC raised its position in shares of Taiwan Fund by 14.3% during the 4th quarter. Shaker Financial Services LLC now owns 35,411 shares of the company's stock valued at $1,369,000 after acquiring an additional 4,430 shares during the last quarter. Almitas Capital LLC raised its position in shares of Taiwan Fund by 12.7% during the 4th quarter. Almitas Capital LLC now owns 8,547 shares of the company's stock valued at $330,000 after acquiring an additional 962 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Taiwan Fund during the 4th quarter valued at $206,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Taiwan Fund during the 4th quarter valued at $268,000.

Taiwan Fund Stock Performance

Shares of Taiwan Fund stock traded up $0.27 on Friday, hitting $47.57. 4,748 shares of the company's stock traded hands, compared to its average volume of 10,533. The firm's 50-day moving average price is $44.00 and its two-hundred day moving average price is $38.17. Taiwan Fund, Inc. has a one year low of $26.45 and a one year high of $47.63.

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.