Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $91.73 and traded as high as $102.50. Taiwan Fund shares last traded at $101.16, with a volume of 62,745 shares.
Taiwan Fund Price Performance
The firm’s fifty day moving average price is $91.73 and its 200 day moving average price is $70.88.
Institutional Trading of Taiwan Fund
A number of hedge funds have recently bought and sold shares of TWN. Rock Creek Group LP boosted its position in 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 acquiring an additional 60,510 shares in the last quarter. Karpus Management Inc. grew its stake in Taiwan Fund by 86.4% in the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after purchasing an additional 42,256 shares during the last quarter. Lazard Asset Management LLC raised its holdings in 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 in the last quarter. Evolve Private Wealth LLC bought a new position in Taiwan Fund in the fourth quarter worth about $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 valued at $949,000 after buying an additional 1,000 shares during the last quarter.
About Taiwan Fund
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.
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