The Taiwan Fund (NYSE:TWN) Shares Down 0.1%

The Taiwan Fund, Inc. (NYSE:TWN)’s stock price was down 0.1% on Friday . The company traded as low as $41.16 and last traded at $41.78. Approximately 13,785 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 19,898 shares. The stock had previously closed at $41.82.

The Taiwan Fund Stock Down 0.1 %

The stock has a 50 day moving average price of $42.44 and a two-hundred day moving average price of $39.71.

Hedge Funds Weigh In On The Taiwan Fund

Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its holdings in The Taiwan Fund by 4.3% during the first quarter. Lazard Asset Management LLC now owns 1,244,553 shares of the company’s stock worth $49,309,000 after buying an additional 51,086 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in The Taiwan Fund by 2.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 854,886 shares of the company’s stock worth $37,564,000 after buying an additional 17,096 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in The Taiwan Fund by 1.0% during the fourth quarter. 1607 Capital Partners LLC now owns 662,740 shares of the company’s stock worth $22,924,000 after buying an additional 6,737 shares during the last quarter. Bulldog Investors LLP lifted its holdings in shares of The Taiwan Fund by 1.6% during the 4th quarter. Bulldog Investors LLP now owns 230,999 shares of the company’s stock valued at $7,974,000 after purchasing an additional 3,590 shares in the last quarter. Finally, Karpus Management Inc. lifted its holdings in shares of The Taiwan Fund by 4.2% during the 4th quarter. Karpus Management Inc. now owns 119,693 shares of the company’s stock valued at $4,140,000 after purchasing an additional 4,813 shares in the last quarter.

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.