Taiwan Fund (NYSE:TWN) Director Sells $11,901.88 in Stock

Taiwan Fund, Inc. (The) (NYSE:TWN) Director Shelley Rigger sold 134 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $88.82, for a total transaction of $11,901.88. Following the transaction, the director owned 166 shares of the company’s stock, valued at $14,744.12. This trade represents a 44.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Taiwan Fund Trading Down 2.4%

Shares of TWN stock traded down $2.27 on Tuesday, reaching $91.87. The company’s stock had a trading volume of 108,714 shares, compared to its average volume of 37,499. The stock’s 50 day simple moving average is $86.03 and its 200-day simple moving average is $68.26. Taiwan Fund, Inc. has a 12-month low of $40.33 and a 12-month high of $103.45.

Institutional Investors Weigh In On Taiwan Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted 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 valued at $48,000 after purchasing an additional 309 shares during the last quarter. Evolve Private Wealth LLC bought a new position in shares of Taiwan Fund in the 4th quarter worth $915,000. Quantedge Capital Pte Ltd raised its position in shares of Taiwan Fund by 7.4% during the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock valued at $949,000 after buying an additional 1,000 shares in the last quarter. Rock Creek Group LP lifted its holdings 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 acquiring an additional 60,510 shares during the last quarter. Finally, Karpus Management Inc. lifted its holdings in shares of Taiwan Fund by 86.4% during the 2nd 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 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.