Taiwan Fund (NYSE:TWN) Reaches New 12-Month High – Should You Buy?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) reached a new 52-week high on Friday . The company traded as high as $105.67 and last traded at $105.67, with a volume of 101 shares. The stock had previously closed at $102.52.

Taiwan Fund Stock Performance

The business’s 50 day simple moving average is $92.52 and its 200-day simple moving average is $83.34.

Institutional Investors Weigh In On Taiwan Fund

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in Taiwan Fund in the 2nd quarter worth approximately $268,000. North Star Asset Management Inc. bought a new stake in Taiwan Fund during the 2nd quarter valued at $708,000. Public Employees Retirement System of Ohio bought a new stake in Taiwan Fund during the 2nd quarter valued at $10,391,000. Almitas Capital LLC acquired a new position in Taiwan Fund during the 2nd quarter worth $400,000. Finally, Hudson Portfolio Management LLC acquired a new position in Taiwan Fund during the 2nd quarter worth $625,000.

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.