Wells Fargo & Company MN Buys 16,705 Shares of TAIWAN FD INC/SH (NYSE:TWN)

Wells Fargo & Company MN lifted its stake in TAIWAN FD INC/SH (NYSE:TWN) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 453,464 shares of the company’s stock after buying an additional 16,705 shares during the period. Wells Fargo & Company MN owned approximately 5.72% of TAIWAN FD INC/SH worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Thomas J. Herzfeld Advisors Inc. raised its position in TAIWAN FD INC/SH by 1.4% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 121,241 shares of the company’s stock worth $2,171,000 after purchasing an additional 1,676 shares during the period. Hedge funds and other institutional investors own 64.52% of the company’s stock.

NYSE:TWN traded up $0.03 during trading hours on Friday, reaching $18.43. The company’s stock had a trading volume of 680 shares, compared to its average volume of 4,156. The firm has a 50-day simple moving average of $17.68 and a 200-day simple moving average of $17.37. TAIWAN FD INC/SH has a 1 year low of $14.65 and a 1 year high of $19.53.

About TAIWAN FD INC/SH

The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by JF International Management 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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Institutional Ownership by Quarter for TAIWAN FD INC/SH (NYSE:TWN)

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