Thomas J. Herzfeld Advisors Inc. Raises Position in Taiwan Fund, Inc. (The) $TWN

Key Points

• Thomas J. Herzfeld Advisors Inc. increased its holdings in Taiwan Fund, Inc. by 7.8%, bringing its total to 74,104 shares valued at approximately $2.46 million.
• Other notable investors have also acquired stakes in Taiwan Fund, with Shaker Financial Services LLC raising their position by 22.2% during the first quarter.
• Taiwan Fund's stock opened at $48.75, having a 1-year low of $26.45 and high of $49.10, with a 50-day moving average of $45.71.

Thomas J. Herzfeld Advisors Inc. grew its position in Taiwan Fund, Inc. (The) (NYSE:TWN - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,104 shares of the company's stock after buying an additional 5,387 shares during the period. Thomas J. Herzfeld Advisors Inc. owned 1.16% of Taiwan Fund worth $2,461,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Cetera Investment Advisers purchased a new position in shares of Taiwan Fund during the 4th quarter worth approximately $206,000. Janus Henderson Group PLC purchased a new position in shares of Taiwan Fund during the 4th quarter worth approximately $268,000. Almitas Capital LLC boosted 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 worth $330,000 after purchasing an additional 962 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Taiwan Fund during the 1st quarter worth approximately $830,000. Finally, Quantedge Capital Pte Ltd boosted its position 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 purchasing an additional 7,395 shares during the period.

Taiwan Fund Stock Performance

Shares of NYSE:TWN traded down $0.02 during mid-day trading on Friday, reaching $50.28. 7,724 shares of the company were exchanged, compared to its average volume of 8,015. The firm's 50-day simple moving average is $46.45 and its 200 day simple moving average is $39.30. Taiwan Fund, Inc. has a 1 year low of $26.45 and a 1 year high of $50.49.

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.