Taiwan Fund (NYSE:TWN) Sets New 52-Week High – Here’s Why

Taiwan Fund, Inc. (The) (NYSE:TWN)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $99.77 and last traded at $95.96, with a volume of 4467 shares changing hands. The stock had previously closed at $93.61.

Taiwan Fund Trading Up 1.2%

The firm’s fifty day simple moving average is $71.93 and its 200-day simple moving average is $62.18.

Insider Buying and Selling at Taiwan Fund

In other news, Director William C. Kirby bought 50,687 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was acquired at an average price of $64.90 per share, with a total value of $3,289,586.30. Following the completion of the purchase, the director directly owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. This represents a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of Taiwan Fund

A number of large investors have recently bought and sold shares of TWN. Osaic Holdings Inc. raised its position in shares of Taiwan Fund by 40.8% in the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after acquiring an additional 309 shares in the last quarter. Evolve Private Wealth LLC acquired a new stake in Taiwan Fund during the fourth quarter worth approximately $915,000. Rock Creek Group LP grew its stake in Taiwan Fund by 1,061.6% during the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after purchasing an additional 60,510 shares during the period. Karpus Management Inc. increased its holdings in Taiwan Fund by 86.4% in the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after purchasing an additional 42,256 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Taiwan Fund by 3.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after purchasing an additional 41,221 shares in the last quarter.

About Taiwan Fund

Taiwan Fund, Inc (NYSE:TWN) is a closed-end management investment company that offers U.S. investors direct exposure to the Taiwanese equity market. Listed on the New York Stock Exchange, the fund seeks capital appreciation through a diversified portfolio of equity securities issued primarily by companies based in Taiwan. Its strategy provides access to one of Asia’s most dynamic markets, focusing on sectors such as technology, semiconductors, manufacturing, financial services and consumer goods.

The fund typically invests in common stocks of Taiwanese issuers traded on the Taiwan Stock Exchange, as well as equity-related instruments such as ADRs and foreign-listed securities of Taiwanese companies.