Taiwan Fund (NYSE:TWN) Sets New 12-Month High – What’s Next?

Taiwan Fund, Inc. (The) (NYSE:TWN) shares hit a new 52-week high on Monday . The company traded as high as $105.09 and last traded at $102.6860, with a volume of 10594 shares changing hands. The stock had previously closed at $100.83.

Taiwan Fund Stock Performance

The company has a 50-day simple moving average of $91.73 and a 200-day simple moving average of $70.99.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Karpus Management Inc. raised 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 worth $4,084,000 after acquiring an additional 42,256 shares in the last quarter. Osaic Holdings Inc. boosted its position in shares of Taiwan Fund by 40.8% during the 2nd 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. Rock Creek Group LP boosted its position in shares of Taiwan Fund by 1,061.6% during the 3rd 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. Lazard Asset Management LLC grew its stake in shares of Taiwan Fund by 3.8% during the 4th 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 during the period. Finally, Evolve Private Wealth LLC acquired a new position in shares of Taiwan Fund during the 4th quarter worth $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.