Wells Fargo & Company MN grew its holdings in TAIWAN FD INC/SH (NYSE:TWN) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,665 shares of the company’s stock after buying an additional 13,748 shares during the quarter. Wells Fargo & Company MN owned about 5.31% of TAIWAN FD INC/SH worth $6,542,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of TWN. Bank of America Corp DE grew its holdings in TAIWAN FD INC/SH by 1,116.8% during the fourth quarter. Bank of America Corp DE now owns 1,886 shares of the company’s stock worth $39,000 after acquiring an additional 1,731 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in shares of TAIWAN FD INC/SH during the 1st quarter worth $163,000. Cardan Capital Partners LLC purchased a new stake in shares of TAIWAN FD INC/SH during the 1st quarter worth $377,000. Cornerstone Advisors LLC acquired a new position in shares of TAIWAN FD INC/SH during the 4th quarter worth $445,000. Finally, Matisse Capital increased its holdings in shares of TAIWAN FD INC/SH by 363.0% in the 4th quarter. Matisse Capital now owns 52,400 shares of the company’s stock valued at $1,079,000 after purchasing an additional 41,082 shares in the last quarter. Hedge funds and other institutional investors own 65.12% of the company’s stock.
Shares of TWN opened at $21.17 on Wednesday. TAIWAN FD INC/SH has a twelve month low of $13.75 and a twelve month high of $22.48. The firm’s 50-day moving average is $19.84 and its two-hundred day moving average is $19.43.
TAIWAN FD INC/SH 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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