Taiwan Fund, Inc. (The) $TWN Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Taiwan Fund, Inc. (The) (NYSE:TWN) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 511,375 shares of the company’s stock after selling 112,680 shares during the quarter. Allspring Global Investments Holdings LLC owned about 8.00% of Taiwan Fund worth $27,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TWN. Rock Creek Group LP grew its position in Taiwan Fund by 1,061.6% in the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after acquiring an additional 60,510 shares during the period. Quantedge Capital Pte Ltd raised its position in Taiwan Fund by 2.1% in the second quarter. Quantedge Capital Pte Ltd now owns 37,037 shares of the company’s stock valued at $1,660,000 after purchasing an additional 765 shares during the period. Shaker Financial Services LLC lifted its stake in shares of Taiwan Fund by 15.2% in the 3rd quarter. Shaker Financial Services LLC now owns 49,438 shares of the company’s stock valued at $2,676,000 after purchasing an additional 6,537 shares during the last quarter. Osaic Holdings Inc. increased its position in shares of Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the last quarter. Finally, Karpus Management Inc. raised its holdings in Taiwan Fund by 86.4% in the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after buying an additional 42,256 shares during the period.

Insiders Place Their Bets

In related news, Director William C. Kirby bought 50,687 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was purchased at an average price of $64.90 per share, for a total transaction of $3,289,586.30. Following the acquisition, the director owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. This trade represents a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.

Taiwan Fund Price Performance

NYSE TWN opened at $63.58 on Friday. Taiwan Fund, Inc. has a 12 month low of $26.45 and a 12 month high of $67.83. The firm’s 50-day moving average is $62.14 and its two-hundred day moving average is $57.84.

Taiwan Fund Company Profile

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.