Taiwan Fund (NYSE:TWN) Sets New 12-Month High – Time to Buy?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $99.77 and last traded at $95.96, with a volume of 4467 shares trading hands. The stock had previously closed at $93.61.

Taiwan Fund Price Performance

The firm has a 50 day moving average of $70.51 and a 200-day moving average of $61.60.

Insider Activity

In other news, Director William C. Kirby acquired 50,687 shares of the stock in a transaction on Thursday, February 26th. The stock was acquired at an average cost of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the transaction, the director directly 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Evolve Private Wealth LLC acquired a new position in Taiwan Fund during the fourth quarter valued at approximately $915,000. Lazard Asset Management LLC raised its position in Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock valued at $59,947,000 after purchasing an additional 41,221 shares in the last quarter. Rock Creek Group LP raised its position in Taiwan Fund by 1,061.6% during the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock valued at $3,585,000 after purchasing an additional 60,510 shares in the last quarter. Shaker Financial Services LLC raised its position in Taiwan Fund by 15.2% during the third quarter. Shaker Financial Services LLC now owns 49,438 shares of the company’s stock valued at $2,676,000 after purchasing an additional 6,537 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of 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.

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.