Matisse Capital Raises Holdings in Taiwan Fund, Inc. (The) (NYSE:TWN)

Matisse Capital grew its holdings in Taiwan Fund, Inc. (The) (NYSE:TWN) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,000 shares of the company’s stock after purchasing an additional 5,000 shares during the period. Taiwan Fund comprises about 1.3% of Matisse Capital’s investment portfolio, making the stock its 20th biggest holding. Matisse Capital’s holdings in Taiwan Fund were worth $2,491,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Bell Private Wealth Management LLC increased its holdings in shares of Taiwan Fund by 20.3% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 2,366 shares of the company’s stock worth $91,000 after purchasing an additional 400 shares in the last quarter. CSS LLC IL boosted its stake in shares of Taiwan Fund by 1.5% in the 4th quarter. CSS LLC IL now owns 49,394 shares of the company’s stock worth $1,909,000 after buying an additional 732 shares during the last quarter. Almitas Capital LLC boosted its stake in shares of Taiwan Fund by 12.7% in the 4th quarter. Almitas Capital LLC now owns 8,547 shares of the company’s stock worth $330,000 after buying an additional 962 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in shares of Taiwan Fund by 5.8% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 68,717 shares of the company’s stock worth $2,656,000 after buying an additional 3,791 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its stake in shares of Taiwan Fund by 14.3% in the 4th quarter. Shaker Financial Services LLC now owns 35,411 shares of the company’s stock worth $1,369,000 after buying an additional 4,430 shares during the last quarter.

Taiwan Fund Stock Performance

TWN stock opened at $44.47 on Friday. Taiwan Fund, Inc. has a 1 year low of $26.45 and a 1 year high of $47.24. The stock’s fifty day moving average price is $37.50 and its 200-day moving average price is $37.33.

Taiwan Fund 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.