Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – What’s Next?

Taiwan Fund, Inc. (The) (NYSE:TWN) shares saw unusually-high trading volume on Wednesday . Approximately 57,548 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 35,468 shares.The stock last traded at $100.7590 and had previously closed at $100.28.

Taiwan Fund Price Performance

The business has a 50-day simple moving average of $79.94 and a two-hundred day simple moving average of $65.52.

Insider Buying and Selling at Taiwan Fund

In related news, Director William C. Kirby purchased 50,687 shares of Taiwan Fund stock in a transaction on Thursday, February 26th. The stock was bought at an average price of $64.90 per share, with a total value of $3,289,586.30. Following the completion of the transaction, the director directly owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. This represents a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of Taiwan Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantedge Capital Pte Ltd lifted its position in shares of 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 during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Taiwan Fund in the fourth quarter worth about $915,000. Lazard Asset Management LLC increased its stake in shares of 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 purchasing an additional 41,221 shares during the period. Rock Creek Group LP increased its stake in shares of 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 purchasing an additional 60,510 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Taiwan Fund by 40.8% in the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after purchasing an additional 309 shares during the period.

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.