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

Taiwan Fund, Inc. (The) (NYSE:TWN) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.09 and last traded at $102.6860, with a volume of 10594 shares changing hands. The stock had previously closed at $100.83.

Taiwan Fund Stock Down 5.1%

The stock has a 50-day simple moving average of $92.76 and a 200 day simple moving average of $71.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. boosted its stake in Taiwan Fund by 40.8% during the second quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after buying an additional 309 shares in the last quarter. Quantedge Capital Pte Ltd raised its stake in shares of Taiwan Fund by 7.4% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after buying an additional 1,000 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Taiwan Fund in the 4th quarter valued at $915,000. Rock Creek Group LP lifted its holdings 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 worth $3,585,000 after acquiring an additional 60,510 shares during the period. Finally, Karpus Management Inc. lifted its holdings in shares of Taiwan Fund by 86.4% during the 2nd 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 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.