Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – Here’s Why

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw unusually-strong trading volume on Thursday . Approximately 33,202 shares traded hands during trading, a decline of 12% from the previous session’s volume of 37,766 shares.The stock last traded at $95.85 and had previously closed at $92.83.

Taiwan Fund Stock Performance

The company has a 50 day moving average of $87.17 and a 200-day moving average of $68.83.

Institutional Investors Weigh In On Taiwan Fund

A number of hedge funds have recently added to or reduced their stakes in TWN. Osaic Holdings Inc. lifted its stake 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 buying an additional 309 shares during 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 lifted its stake 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 buying an additional 1,000 shares during the last quarter. Rock Creek Group LP lifted its stake 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 buying an additional 60,510 shares during the last quarter. Finally, Karpus Management Inc. lifted its stake 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 buying an additional 42,256 shares during 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.