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

Taiwan Fund, Inc. (The) (NYSE:TWN) hit a new 52-week high during trading on Tuesday . The company traded as high as $100.79 and last traded at $100.25, with a volume of 37537 shares changing hands. The stock had previously closed at $93.93.

Taiwan Fund Price Performance

The stock has a 50-day moving average of $80.70 and a 200 day moving average of $65.84.

Institutional Investors Weigh In On Taiwan Fund

A number of large investors have recently bought and sold shares of TWN. Karpus Management Inc. boosted its position 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 buying an additional 42,256 shares during the last quarter. Osaic Holdings Inc. boosted its position in 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 buying an additional 309 shares during the last quarter. Rock Creek Group LP boosted its position in Taiwan Fund by 1,061.6% in the third quarter. Rock Creek Group LP now owns 66,210 shares of the company’s stock valued at $3,585,000 after buying an additional 60,510 shares during the last quarter. Lazard Asset Management LLC boosted its position 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 valued at $59,947,000 after buying an additional 41,221 shares during the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in Taiwan Fund in the fourth quarter valued at approximately $915,000.

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.