Standard Life Aberdeen plc boosted its holdings in TAIWAN Fd Inc/SH (NYSE:TWN) by 6.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,935 shares of the company’s stock after buying an additional 14,250 shares during the quarter. Standard Life Aberdeen plc’s holdings in TAIWAN Fd Inc/SH were worth $5,049,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in TAIWAN Fd Inc/SH by 1.5% in the first quarter. Wells Fargo & Company MN now owns 359,239 shares of the company’s stock valued at $7,598,000 after buying an additional 5,146 shares in the last quarter. Bulldog Investors LLC boosted its stake in TAIWAN Fd Inc/SH by 20.5% in the first quarter. Bulldog Investors LLC now owns 358,140 shares of the company’s stock valued at $7,575,000 after buying an additional 60,843 shares in the last quarter. 1607 Capital Partners LLC boosted its stake in TAIWAN Fd Inc/SH by 10.3% in the first quarter. 1607 Capital Partners LLC now owns 368,175 shares of the company’s stock valued at $7,787,000 after buying an additional 34,435 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. boosted its stake in TAIWAN Fd Inc/SH by 5.9% in the first quarter. Thomas J. Herzfeld Advisors Inc. now owns 81,465 shares of the company’s stock valued at $1,723,000 after buying an additional 4,510 shares in the last quarter. 66.50% of the stock is currently owned by institutional investors and hedge funds.
NYSE:TWN opened at $19.79 on Thursday. TAIWAN Fd Inc/SH has a twelve month low of $19.21 and a twelve month high of $22.25.
In related news, major shareholder City Of London Investment Grou sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $21.50, for a total value of $1,075,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 122,909 shares of company stock worth $2,626,986 over the last ninety days. 2.00% of the stock is currently owned by insiders.
About TAIWAN Fd Inc/SH
The Taiwan Fund, Inc is a diversified, closed-end management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment primarily in equity securities listed on the Taiwan Stock Exchange (TSE) in the Republic of China (ROC). The Fund invests in various sectors, including biotechnology and medical care; building material and construction; cement; chemical; communications and Internet; computer and peripheral equipment; electric and machinery; electronic parts and components; financial and insurance; foods; oil, gas and electricity; optoelectronic; plastics; semiconductor; shipping and transportation; textiles, and trading and consumers’ goods.
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