Lazard Asset Management LLC reduced its stake in The Taiwan Fund, Inc. (NYSE:TWN - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,111,842 shares of the company's stock after selling 16,738 shares during the quarter. Lazard Asset Management LLC owned approximately 13.07% of The Taiwan Fund worth $42,972,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new position in shares of The Taiwan Fund during the 4th quarter worth $268,000. Cetera Investment Advisers purchased a new position in shares of The Taiwan Fund during the 4th quarter worth $206,000. Almitas Capital LLC grew its holdings in shares of The 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. Shaker Financial Services LLC boosted its holdings in The Taiwan Fund by 14.3% during the 4th quarter. Shaker Financial Services LLC now owns 35,411 shares of the company's stock valued at $1,369,000 after acquiring an additional 4,430 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. boosted its holdings in The Taiwan Fund by 5.8% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 68,717 shares of the company's stock valued at $2,656,000 after acquiring an additional 3,791 shares during the period.
The Taiwan Fund Stock Performance
The Taiwan Fund stock traded up $0.17 during midday trading on Friday, reaching $36.92. 11,233 shares of the stock traded hands, compared to its average volume of 22,142. The company has a 50-day simple moving average of $32.84 and a two-hundred day simple moving average of $38.02. The Taiwan Fund, Inc. has a 12-month low of $26.45 and a 12-month high of $47.24.
The Taiwan Fund Profile
(
Free Report)
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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