Lazard Asset Management LLC Has $32.24 Million Position in Taiwan Fund Inc. (TWN)
Lazard Asset Management LLC lowered its holdings in Taiwan Fund Inc. (NYSE:TWN) by 7.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,544,763 shares of the company’s stock after selling 117,183 shares during the quarter. Lazard Asset Management LLC owned 0.19% of Taiwan Fund worth $32,239,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Karpus Management Inc. increased its stake in Taiwan Fund by 47.6% in the third quarter. Karpus Management Inc. now owns 156,564 shares of the company’s stock valued at $3,222,000 after acquiring an additional 50,497 shares during the period. Gramercy Funds Management LLC increased its stake in Taiwan Fund by 21.5% in the fourth quarter. Gramercy Funds Management LLC now owns 174,359 shares of the company’s stock valued at $3,639,000 after acquiring an additional 30,865 shares during the period. Finally, City of London Investment Management Co. Ltd. increased its stake in Taiwan Fund by 0.8% in the third quarter. City of London Investment Management Co. Ltd. now owns 3,508,359 shares of the company’s stock valued at $72,272,000 after acquiring an additional 27,151 shares during the period. 63.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of Taiwan Fund Inc. (TWN) opened at $20.93 on Friday. Taiwan Fund Inc. has a 52 week low of $16.79 and a 52 week high of $22.25.
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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