Taiwan Fund (NYSE:TWN) Sets New 1-Year High – Here’s Why

Taiwan Fund, Inc. (The) (NYSE:TWN) hit 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 trading hands. The stock had previously closed at $102.52.

Taiwan Fund Price Performance

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

Institutional Inflows and Outflows

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

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.