The Taiwan Fund, Inc. (NYSE:TWN) Stock Position Raised by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. increased its stake in The Taiwan Fund, Inc. (NYSE:TWN) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,738,223 shares of the company’s stock after buying an additional 55,274 shares during the quarter. The Taiwan Fund makes up about 10.3% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its largest position. City of London Investment Management Co. Ltd.’s holdings in The Taiwan Fund were worth $120,318,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TWN. Rothschild Investment LLC bought a new stake in The Taiwan Fund during the 2nd quarter worth approximately $52,000. Banque Cantonale Vaudoise bought a new position in shares of The Taiwan Fund in the first quarter worth $991,000. Matisse Capital raised its position in shares of The Taiwan Fund by 1.8% in the first quarter. Matisse Capital now owns 65,000 shares of the company’s stock worth $2,575,000 after buying an additional 1,149 shares in the last quarter. Karpus Management Inc. boosted its stake in The Taiwan Fund by 4.2% during the fourth quarter. Karpus Management Inc. now owns 119,693 shares of the company’s stock valued at $4,140,000 after buying an additional 4,813 shares during the period. Finally, Bulldog Investors LLP grew its position in The Taiwan Fund by 1.6% during the fourth quarter. Bulldog Investors LLP now owns 230,999 shares of the company’s stock worth $7,974,000 after buying an additional 3,590 shares in the last quarter.

The Taiwan Fund Stock Performance

Shares of NYSE TWN opened at $42.95 on Monday. The stock’s 50-day simple moving average is $42.51 and its two-hundred day simple moving average is $41.09. The Taiwan Fund, Inc. has a twelve month low of $27.03 and a twelve month high of $46.41.

The 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.