Karpus Management Inc. grew its stake in TAIWAN FD INC/SH (NYSE:TWN) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,544 shares of the company’s stock after acquiring an additional 730 shares during the period. Karpus Management Inc. owned 1.66% of TAIWAN FD INC/SH worth $2,430,000 at the end of the most recent reporting period.
Separately, Wells Fargo & Company MN grew its stake in TAIWAN FD INC/SH by 3.8% in the 2nd quarter. Wells Fargo & Company MN now owns 453,464 shares of the company’s stock worth $7,686,000 after acquiring an additional 16,705 shares in the last quarter. 64.05% of the stock is currently owned by institutional investors.
Shares of TWN stock opened at $19.93 on Thursday. The company’s 50-day simple moving average is $18.60 and its two-hundred day simple moving average is $17.68. TAIWAN FD INC/SH has a one year low of $14.65 and a one year high of $19.94.
TAIWAN FD INC/SH Company Profile
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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