Taiwan Fund (NYSE:TWN) Shares Up 1.7% – Should You Buy?

Taiwan Fund, Inc. (The) (NYSE:TWN)’s stock price shot up 1.7% during mid-day trading on Monday. The company traded as high as $106.48 and last traded at $106.0410. Approximately 9,928 shares were traded during trading, a decline of 50% from the average daily volume of 19,996 shares. The stock had previously closed at $104.29.

Taiwan Fund Trading Up 1.7%

The firm has a 50-day moving average of $97.65 and a 200 day moving average of $90.89.

Hedge Funds Weigh In On Taiwan Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Taiwan Fund during the 2nd quarter valued at about $10,391,000. Evolve Private Wealth LLC purchased a new position in shares of Taiwan Fund during the second quarter valued at approximately $1,533,000. Quantedge Capital Pte Ltd lifted its position in Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after purchasing an additional 1,000 shares during the period. Hudson Portfolio Management LLC bought a new position in Taiwan Fund during the second quarter valued at approximately $625,000. Finally, Almitas Capital LLC purchased a new stake in Taiwan Fund in the second quarter worth approximately $400,000.

About Taiwan Fund

Taiwan Fund, Inc (NYSE: TWN) is a closed-end investment company that seeks long-term capital appreciation by investing primarily in equity securities of companies based in Taiwan or with significant business operations there.

The fund provides investors with exposure to Taiwan’s publicly traded companies across multiple industries. Its portfolio may include common stocks and other securities listed on Taiwan’s financial markets, with investment decisions focused on identifying opportunities within the Taiwanese economy.

As a country-focused fund, Taiwan Fund is designed to offer geographically targeted exposure rather than operate as an operating company that sells products or services.