HighTower Advisors LLC Purchases 324 Shares of The Taiwan Fund, Inc. (NYSE:TWN)

HighTower Advisors LLC lifted its position in shares of The Taiwan Fund, Inc. (NYSE:TWN) by 5.9% in the third quarter, Holdings Channel reports. The institutional investor owned 5,831 shares of the company’s stock after acquiring an additional 324 shares during the period. HighTower Advisors LLC’s holdings in The Taiwan Fund were worth $255,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Walleye Capital LLC acquired a new stake in The Taiwan Fund during the third quarter worth approximately $220,000. Landscape Capital Management L.L.C. raised its holdings in The Taiwan Fund by 1.3% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 17,653 shares of the company’s stock valued at $775,000 after acquiring an additional 222 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of The Taiwan Fund during the 2nd quarter valued at $819,000. City of London Investment Management Co. Ltd. grew its holdings in shares of The Taiwan Fund by 2.1% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 2,738,223 shares of the company’s stock worth $120,318,000 after purchasing an additional 55,274 shares in the last quarter. Finally, Rothschild Investment LLC bought a new position in shares of The Taiwan Fund in the second quarter worth $52,000.

The Taiwan Fund Stock Down 0.3 %

Shares of The Taiwan Fund stock opened at $46.77 on Wednesday. The company has a 50 day moving average of $44.51 and a 200-day moving average of $43.51. The Taiwan Fund, Inc. has a 1-year low of $33.22 and a 1-year high of $47.24.

The Taiwan Fund Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 27th will be issued a $7.3984 dividend. This represents a yield of 16.17%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from The Taiwan Fund’s previous annual dividend of $0.44.

The Taiwan Fund Company 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.