Wolverine Asset Management LLC decreased its position in shares of The Taiwan Fund, Inc. (NYSE:TWN – Get Rating) by 71.1% during the first quarter, Holdings Channel reports. The institutional investor owned 2,211 shares of the company’s stock after selling 5,438 shares during the period. Wolverine Asset Management LLC’s holdings in The Taiwan Fund were worth $72,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Saba Capital Management L.P. purchased a new stake in shares of The Taiwan Fund during the fourth quarter worth about $2,094,000. Bulldog Investors LLP boosted its position in shares of The Taiwan Fund by 3.6% during the fourth quarter. Bulldog Investors LLP now owns 210,132 shares of the company’s stock worth $7,895,000 after acquiring an additional 7,295 shares during the last quarter. Lazard Asset Management LLC grew its stake in The Taiwan Fund by 0.5% during the fourth quarter. Lazard Asset Management LLC now owns 1,415,513 shares of the company’s stock valued at $53,180,000 after acquiring an additional 7,557 shares in the last quarter. Raymond James & Associates increased its holdings in The Taiwan Fund by 11.7% in the 4th quarter. Raymond James & Associates now owns 16,980 shares of the company’s stock valued at $638,000 after acquiring an additional 1,773 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of The Taiwan Fund during the 4th quarter valued at about $224,000. Hedge funds and other institutional investors own 87.35% of the company’s stock.
The Taiwan Fund Stock Performance
Shares of NYSE TWN opened at $25.40 on Thursday. The firm’s 50-day moving average price is $25.92 and its 200-day moving average price is $29.62. The Taiwan Fund, Inc. has a 12-month low of $23.72 and a 12-month high of $39.79.
About The Taiwan Fund
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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