Taiwan Fund (NYSE:TWN) Sets New 52-Week High – Still a Buy?

Taiwan Fund, Inc. (The) (NYSE:TWN)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $96.69 and last traded at $93.6390, with a volume of 7463 shares. The stock had previously closed at $90.50.

Taiwan Fund Price Performance

The business has a 50-day simple moving average of $69.82 and a two-hundred day simple moving average of $61.23.

Insider Buying and Selling at Taiwan Fund

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

Institutional Investors Weigh In On Taiwan Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rock Creek Group LP boosted its position in shares of 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 in the last quarter. Karpus Management Inc. raised its holdings in shares of Taiwan Fund by 86.4% in the 2nd 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. Lazard Asset Management LLC raised its holdings in shares of Taiwan Fund by 3.8% in the 4th 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. Evolve Private Wealth LLC acquired a new stake in Taiwan Fund during the fourth quarter valued at approximately $915,000. Finally, Shaker Financial Services LLC lifted its stake in Taiwan Fund by 15.2% during the third 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 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.