Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – What’s Next?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw an uptick in trading volume on Wednesday . 57,548 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 35,468 shares.The stock last traded at $100.7590 and had previously closed at $100.28.

Taiwan Fund Price Performance

The business has a 50 day moving average price of $79.94 and a 200 day moving average price of $65.52.

Insider Activity at Taiwan Fund

In other Taiwan Fund news, Director William C. Kirby acquired 50,687 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were acquired at an average cost of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the purchase, the director owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. This trade represents a -106.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Taiwan Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. raised its holdings in Taiwan Fund by 40.8% in the 2nd 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. Evolve Private Wealth LLC acquired a new position in Taiwan Fund in the 4th quarter valued at approximately $915,000. Quantedge Capital Pte Ltd raised its holdings in Taiwan Fund by 7.4% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after acquiring an additional 1,000 shares in the last quarter. Rock Creek Group LP raised its holdings in Taiwan Fund by 1,061.6% in 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. Finally, Karpus Management Inc. raised its holdings in Taiwan Fund by 86.4% in the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after acquiring an additional 42,256 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.