Taiwan Fund (NYSE:TWN) Hits New 12-Month High – Still a Buy?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) reached a new 52-week high on Tuesday . The stock traded as high as $100.79 and last traded at $100.25, with a volume of 37537 shares. The stock had previously closed at $93.93.

Taiwan Fund Stock Performance

The firm has a 50 day moving average price of $79.17 and a two-hundred day moving average price of $65.21.

Insider Buying and Selling at Taiwan Fund

In other news, Director William C. Kirby purchased 50,687 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of $64.90 per share, for a total transaction of $3,289,586.30. Following the purchase, the director owned 2,886 shares of the company’s stock, valued at $187,301.40. The trade was a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On Taiwan Fund

Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its position in shares of Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after acquiring an additional 41,221 shares in the last quarter. Karpus Management Inc. lifted its position in shares of Taiwan Fund by 86.4% during the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after acquiring an additional 42,256 shares in the last quarter. Rock Creek Group LP lifted its position in shares of Taiwan Fund by 1,061.6% during the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock worth $3,585,000 after acquiring an additional 60,510 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of Taiwan Fund during the fourth quarter worth $915,000. Finally, Quantedge Capital Pte Ltd lifted its position in shares of Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after acquiring 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.