Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – Should You Buy?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw an uptick in trading volume on Wednesday . 50,662 shares traded hands during mid-day trading, an increase of 58% from the previous session’s volume of 32,028 shares.The stock last traded at $90.4850 and had previously closed at $88.93.

Taiwan Fund Price Performance

The business’s 50-day moving average is $76.72 and its two-hundred day moving average is $64.24.

Insiders Place Their Bets

In other Taiwan Fund news, Director William C. Kirby bought 50,687 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was acquired 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 owned 2,886 shares in the company, valued at approximately $187,301.40. This trade represents a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its stake in shares of Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock worth $48,000 after buying an additional 309 shares during the last quarter. Quantedge Capital Pte Ltd lifted its stake in shares of Taiwan Fund by 7.4% during the 1st 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 acquired a new stake in shares of Taiwan Fund during the 4th quarter worth about $915,000. Lazard Asset Management LLC lifted its stake in shares of Taiwan Fund by 3.8% during the 4th quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after buying an additional 41,221 shares during the last quarter. Finally, Karpus Management Inc. lifted its stake 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 buying an additional 42,256 shares during 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.