Taiwan Fund, Inc. (The) (NYSE:TWN – Get Free Report) Director Shelley Rigger sold 134 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $88.82, for a total value of $11,901.88. Following the transaction, the director owned 166 shares in the company, valued at $14,744.12. This represents a 44.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Taiwan Fund Trading Down 2.1%
Shares of TWN stock opened at $92.67 on Thursday. The business’s 50 day moving average is $87.17 and its two-hundred day moving average is $68.83. Taiwan Fund, Inc. has a 12-month low of $40.99 and a 12-month high of $103.45.
Hedge Funds Weigh In On Taiwan Fund
Hedge funds have recently bought and sold shares of the business. Rock Creek Group LP boosted 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 worth $3,585,000 after purchasing an additional 60,510 shares in the last quarter. Karpus Management Inc. boosted its position in Taiwan Fund by 86.4% during the second quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock worth $4,084,000 after purchasing an additional 42,256 shares in the last quarter. Lazard Asset Management LLC boosted 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 worth $59,947,000 after purchasing an additional 41,221 shares in the last quarter. Evolve Private Wealth LLC purchased a new position in Taiwan Fund during the fourth quarter worth approximately $915,000. Finally, Osaic Holdings Inc. boosted its position in 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 purchasing 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.
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