Thomas J. Herzfeld Advisors Inc. lifted its stake in shares of Taiwan Fund Inc. (NYSE:TWN) by 51.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,955 shares of the company’s stock after buying an additional 26,151 shares during the period. Thomas J. Herzfeld Advisors Inc. owned approximately 0.94% of Taiwan Fund worth $1,606,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Karpus Management Inc. lifted its stake in shares of Taiwan Fund by 47.6% during the third quarter. Karpus Management Inc. now owns 156,564 shares of the company’s stock worth $3,222,000 after buying an additional 50,497 shares during the period. Gramercy Funds Management LLC lifted its stake in shares of Taiwan Fund by 21.5% during the fourth quarter. Gramercy Funds Management LLC now owns 174,359 shares of the company’s stock worth $3,639,000 after buying an additional 30,865 shares during the period. Bulldog Investors LLC lifted its position in Taiwan Fund by 154.0% during the fourth quarter. Bulldog Investors LLC now owns 297,297 shares of the company’s stock valued at $6,211,000 after purchasing an additional 180,254 shares during the period. Finally, City of London Investment Management Co. Ltd. lifted its position in Taiwan Fund by 0.8% during the third quarter. City of London Investment Management Co. Ltd. now owns 3,508,359 shares of the company’s stock valued at $72,272,000 after purchasing an additional 27,151 shares during the period. Institutional investors and hedge funds own 67.21% of the company’s stock.
In other Taiwan Fund news, major shareholder City Of London Investment Grou bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was bought at an average cost of $21.21 per share, for a total transaction of $424,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.
NYSE TWN traded down $0.29 on Friday, reaching $20.90. 6,826 shares of the company’s stock traded hands, compared to its average volume of 16,281. Taiwan Fund Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $22.25.
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About Taiwan Fund
The Taiwan Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment primarily in equity securities listed on the Taiwan Stock Exchange (TSE) in the Republic of China (ROC). The Fund invests in various sectors, including biotechnology and medical care; building material and construction; cement; chemical; communications and Internet; computer and peripheral equipment; electric and machinery; electronic parts and components; financial and insurance; foods; oil, gas and electricity; optoelectronic; plastics; semiconductor; shipping and transportation; textiles, and trading and consumers’ goods.
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