Shares of Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 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 Stock Down 7.0%
The firm’s fifty day moving average price is $84.94 and its 200-day moving average price is $67.71.
Institutional Trading of Taiwan Fund
Several large investors have recently added to or reduced their stakes in TWN. Osaic Holdings Inc. boosted its holdings 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 acquiring an additional 309 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Taiwan Fund in the fourth quarter valued at $915,000. Quantedge Capital Pte Ltd boosted its holdings in Taiwan Fund by 7.4% in the first 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 boosted its holdings 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 acquiring an additional 60,510 shares in the last quarter. Finally, Karpus Management Inc. boosted its holdings 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 acquiring an additional 42,256 shares in 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.
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