Quantedge Capital Pte Ltd lifted its stake in The Taiwan Fund, Inc. (NYSE:TWN - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,081 shares of the company's stock after purchasing an additional 7,395 shares during the period. Quantedge Capital Pte Ltd owned about 0.29% of The Taiwan Fund worth $969,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TWN. Nomura Asset Management Co. Ltd. bought a new position in shares of The Taiwan Fund in the fourth quarter worth about $1,269,000. LPL Financial LLC bought a new position in shares of The Taiwan Fund in the fourth quarter worth about $737,000. Janus Henderson Group PLC bought a new position in shares of The Taiwan Fund in the fourth quarter worth about $268,000. Virtu Financial LLC bought a new position in shares of The Taiwan Fund in the fourth quarter worth about $216,000. Finally, Cetera Investment Advisers bought a new position in shares of The Taiwan Fund in the fourth quarter worth about $206,000.
The Taiwan Fund Stock Performance
NYSE TWN opened at $36.57 on Thursday. The company's 50-day moving average price is $32.78 and its 200-day moving average price is $38.20. The Taiwan Fund, Inc. has a 12 month low of $26.45 and a 12 month high of $47.24.
The Taiwan Fund Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding TWN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Taiwan Fund, Inc. (NYSE:TWN - Free Report).
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