Taiwan Fund (NYSE:TWN) Sees Unusually-High Trading Volume – What’s Next?

Taiwan Fund, Inc. (The) (NYSE:TWN) saw an uptick in trading volume on Friday . 93,314 shares changed hands during mid-day trading, an increase of 160% from the previous session’s volume of 35,896 shares.The stock last traded at $91.92 and had previously closed at $98.21.

Taiwan Fund Price Performance

The stock has a 50-day simple moving average of $85.45 and a 200-day simple moving average of $67.87.

Hedge Funds Weigh In On Taiwan Fund

A number of large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its holdings in shares of Taiwan Fund by 3.8% in 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. Karpus Management Inc. boosted its holdings in shares of Taiwan Fund by 86.4% in the second 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. Rock Creek Group LP boosted its holdings in shares of Taiwan Fund by 1,061.6% in 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. Evolve Private Wealth LLC bought a new position in shares of Taiwan Fund in the fourth quarter worth $915,000. Finally, Quantedge Capital Pte Ltd boosted its holdings in shares of Taiwan Fund by 7.4% in the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after acquiring an additional 1,000 shares during the period.

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.