Taiwan Fund, Inc. (The) $TWN Stake Lifted by Matisse Capital

Key Points

• Matisse Capital increased its stake in Taiwan Fund, Inc. by 12.0%, now owning 84,000 shares valued at approximately $3.76 million, making it the fund's fifth largest holding.
• Other institutions, including Strs Ohio and Shaker Financial Services, have also recently adjusted their positions in Taiwan Fund, indicating growing interest in the stock.
• Taiwan Fund's stock is currently priced at $55.03, with a twelve-month high of $57.01 and a low of $26.45, reflecting its volatile trading range over the past year.

Matisse Capital grew its position in shares of Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 12.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 84,000 shares of the company's stock after acquiring an additional 9,000 shares during the period. Taiwan Fund comprises about 1.8% of Matisse Capital's holdings, making the stock its 5th largest holding. Matisse Capital owned about 1.31% of Taiwan Fund worth $3,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWN. Strs Ohio bought a new position in Taiwan Fund during the 1st quarter valued at approximately $2,325,000. Thomas J. Herzfeld Advisors Inc. increased its position in Taiwan Fund by 7.8% during the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 74,104 shares of the company's stock valued at $2,461,000 after buying an additional 5,387 shares in the last quarter. Shaker Financial Services LLC increased its position in Taiwan Fund by 22.2% during the 1st quarter. Shaker Financial Services LLC now owns 43,272 shares of the company's stock valued at $1,437,000 after buying an additional 7,861 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in Taiwan Fund during the 1st quarter valued at approximately $830,000.

Taiwan Fund Stock Down 0.6%

TWN stock opened at $55.03 on Wednesday. Taiwan Fund, Inc. has a twelve month low of $26.45 and a twelve month high of $57.01. The business has a 50 day moving average of $50.94 and a 200 day moving average of $42.42.

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.

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