Taiwan Fund (NYSE:TWN) Sees Strong Trading Volume – Here’s What Happened

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw strong trading volume on Wednesday . 50,662 shares were traded during trading, an increase of 58% from the previous session’s volume of 32,028 shares.The stock last traded at $90.4850 and had previously closed at $88.93.

Taiwan Fund Stock Performance

The firm’s 50 day moving average price is $77.88 and its 200 day moving average price is $64.69.

Insider Transactions at Taiwan Fund

In related news, Director William C. Kirby purchased 50,687 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost 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 in the company, valued at approximately $187,301.40. This represents a -106.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taiwan Fund

A number of institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC raised its stake 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 buying an additional 41,221 shares in the last quarter. Karpus Management Inc. raised its stake 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 buying an additional 42,256 shares in the last quarter. Rock Creek Group LP raised its stake in Taiwan Fund by 1,061.6% in the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after buying an additional 60,510 shares in the last quarter. Evolve Private Wealth LLC bought a new position in Taiwan Fund in the fourth quarter worth about $915,000. Finally, Quantedge Capital Pte Ltd raised its stake in Taiwan Fund by 7.4% in the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after buying an additional 1,000 shares in the last quarter.

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.