Shaker Financial Services LLC Buys 7,861 Shares of Taiwan Fund, Inc. (The) (NYSE:TWN)

Key Points

• Shaker Financial Services LLC increased its stake in Taiwan Fund, Inc. (NYSE:TWN) by 22.2%, acquiring an additional 7,861 shares to own a total of 43,272 shares worth approximately $1.4 million.
• Other institutional investors like Banque Cantonale Vaudoise and Matisse Capital have recently adjusted their holdings in the Taiwan Fund, reflecting growing interest from the investment community.
• Taiwan Fund's shares are trading at $46.19, with a 12-month high of $47.24 and a low of $26.45, indicating significant price fluctuations within the year.

Shaker Financial Services LLC boosted its holdings in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 22.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,272 shares of the company's stock after buying an additional 7,861 shares during the period. Shaker Financial Services LLC owned 0.68% of Taiwan Fund worth $1,437,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. LPL Financial LLC bought a new stake in shares of Taiwan Fund in the 4th quarter valued at approximately $737,000. Almitas Capital LLC boosted its position in shares of Taiwan Fund by 12.7% in the fourth quarter. Almitas Capital LLC now owns 8,547 shares of the company's stock worth $330,000 after buying an additional 962 shares during the period. Cetera Investment Advisers purchased a new position in shares of Taiwan Fund during the 4th quarter valued at $206,000. Janus Henderson Group PLC bought a new position in shares of Taiwan Fund during the 4th quarter valued at $268,000. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Taiwan Fund by 41.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company's stock worth $969,000 after buying an additional 7,395 shares during the period.

Taiwan Fund Price Performance

Shares of TWN stock traded up $1.08 during mid-day trading on Thursday, reaching $47.30. The stock had a trading volume of 9,760 shares, compared to its average volume of 10,612. The firm's 50 day simple moving average is $43.81 and its 200 day simple moving average is $38.11. Taiwan Fund, Inc. has a one year low of $26.45 and a one year high of $47.30.

About Taiwan Fund

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.