Public Employees Retirement System of Ohio Lowers Stock Position in Taiwan Fund, Inc. (The) $TWN

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Taiwan Fund, Inc. by 5.5%, now owning approximately 313,388 shares valued at $14,043,000.
• Other institutional investors are also adjusting their positions in Taiwan Fund, with substantial new investments and increases from firms like Cetera Investment Advisers and Shaker Financial Services LLC.
• Taiwan Fund's stock opened at $52.98 and has experienced a 1.1% decline, with a 12-month price range between $26.45 and $55.55.

Public Employees Retirement System of Ohio lessened its stake in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 5.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 313,388 shares of the company's stock after selling 18,297 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 4.90% of Taiwan Fund worth $14,043,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TWN. Cetera Investment Advisers purchased a new stake in shares of Taiwan Fund in the fourth quarter valued at approximately $206,000. Banque Cantonale Vaudoise purchased a new stake in Taiwan Fund in the 1st quarter valued at $830,000. Shaker Financial Services LLC increased its stake in shares of Taiwan Fund by 22.2% in the 1st quarter. Shaker Financial Services LLC now owns 43,272 shares of the company's stock worth $1,437,000 after acquiring an additional 7,861 shares during the last quarter. Strs Ohio purchased a new position in shares of Taiwan Fund during the 1st quarter worth $2,325,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its holdings 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 purchasing an additional 5,387 shares during the period.

Taiwan Fund Stock Down 1.1%

Shares of TWN stock opened at $52.98 on Friday. The firm's 50-day moving average is $49.69 and its two-hundred day moving average is $41.42. Taiwan Fund, Inc. has a 12 month low of $26.45 and a 12 month high of $55.55.

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.

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