Taiwan Fund (NYSE:TWN) Sets New 52-Week High – Time to Buy?

Taiwan Fund, Inc. (The) (NYSE:TWN)’s share price reached a new 52-week high on Monday . The company traded as high as $105.09 and last traded at $102.6860, with a volume of 10594 shares traded. The stock had previously closed at $100.83.

Taiwan Fund Stock Up 1.4%

The firm has a 50 day simple moving average of $91.73 and a two-hundred day simple moving average of $70.99.

Hedge Funds Weigh In On Taiwan Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of TWN. Karpus Management Inc. lifted its stake in shares of Taiwan Fund by 86.4% in 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. Osaic Holdings Inc. boosted its holdings 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 valued at $48,000 after acquiring an additional 309 shares in the last quarter. Rock Creek Group LP increased its stake 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 during the period. Lazard Asset Management LLC increased its stake 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 during the period. Finally, Evolve Private Wealth LLC purchased a new position in Taiwan Fund during the fourth quarter worth about $915,000.

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.