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

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) reached a new 52-week high on Wednesday . The stock traded as high as $87.00 and last traded at $87.5850, with a volume of 7389 shares trading hands. The stock had previously closed at $83.00.

Taiwan Fund Trading Up 4.9%

The firm’s 50 day simple moving average is $65.92 and its two-hundred day simple moving average is $59.61.

Insider Activity at Taiwan Fund

In other news, Director William C. Kirby bought 50,687 shares of Taiwan Fund stock in a transaction on Thursday, February 26th. The stock was purchased at an average cost of $64.90 per share, with a total value of $3,289,586.30. Following the purchase, the director directly owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. This trade represents a -106.04% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. boosted its stake in Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after purchasing an additional 309 shares during the period. Evolve Private Wealth LLC acquired a new position in Taiwan Fund during the 4th quarter valued at about $915,000. Shaker Financial Services LLC boosted its stake in Taiwan Fund by 15.2% during the 3rd quarter. Shaker Financial Services LLC now owns 49,438 shares of the company’s stock valued at $2,676,000 after purchasing an additional 6,537 shares during the period. Rock Creek Group LP boosted its stake in Taiwan Fund by 1,061.6% during the 3rd quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock valued at $3,585,000 after purchasing an additional 60,510 shares during the period. Finally, Karpus Management Inc. boosted its stake in Taiwan Fund by 86.4% during the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after purchasing an additional 42,256 shares during the period.

Taiwan Fund Company Profile

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.