Taiwan Fund, Inc. (The) $TWN Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Taiwan Fund, Inc. by 11.5% in the second quarter, now holding 688,355 shares valued at approximately $30.8 million.
• Other institutional investors, such as Matisse Capital and Shaker Financial Services LLC, have either increased their positions or acquired new shares in Taiwan Fund during the first quarter.
• Taiwan Fund's current stock price is $55.54, with a fifty-day moving average of $52.04 and a 52-week range between $26.45 and $57.01.

Allspring Global Investments Holdings LLC lessened its stake in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 688,355 shares of the company's stock after selling 89,551 shares during the period. Allspring Global Investments Holdings LLC owned 10.77% of Taiwan Fund worth $30,845,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TWN. Matisse Capital increased its position in Taiwan Fund by 7.1% in the 1st quarter. Matisse Capital now owns 75,000 shares of the company's stock valued at $2,491,000 after acquiring an additional 5,000 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Taiwan Fund during the 1st quarter worth approximately $830,000. Shaker Financial Services LLC raised its position 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. Thomas J. Herzfeld Advisors Inc. raised its holdings in Taiwan Fund by 7.8% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 74,104 shares of the company's stock valued at $2,461,000 after acquiring an additional 5,387 shares during the last quarter. Finally, Strs Ohio acquired a new position in Taiwan Fund in the 1st quarter valued at $2,325,000.

Taiwan Fund Stock Performance

TWN stock opened at $55.54 on Thursday. The business has a fifty day simple moving average of $52.04 and a 200-day simple moving average of $43.21. Taiwan Fund, Inc. has a 52 week low of $26.45 and a 52 week high of $57.01.

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.

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