William Kirby Purchases 50,687 Shares of Taiwan Fund (NYSE:TWN) Stock

Taiwan Fund, Inc. (The) (NYSE:TWN) Director William Kirby bought 50,687 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was purchased at an average cost of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the transaction, the director owned 2,886 shares of the company’s stock, valued at $187,301.40. This represents a -106.04% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Taiwan Fund Trading Up 2.9%

Taiwan Fund stock traded up $1.86 during midday trading on Friday, reaching $65.80. The stock had a trading volume of 22,187 shares, compared to its average volume of 29,171. Taiwan Fund, Inc. has a twelve month low of $26.45 and a twelve month high of $66.20. The firm’s fifty day simple moving average is $58.04 and its two-hundred day simple moving average is $55.54.

Taiwan Fund Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 29th were issued a $6.2002 dividend. The ex-dividend date was Monday, December 29th. This represents a yield of 1,171.0%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TWN. Osaic Holdings Inc. grew its holdings in shares of Taiwan Fund by 40.8% in the 2nd 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 period. Rock Creek Group LP acquired a new position in Taiwan Fund during the 2nd quarter worth approximately $255,000. Evolve Private Wealth LLC bought a new position in Taiwan Fund in the fourth quarter valued at $915,000. Quantedge Capital Pte Ltd grew its holdings in shares of Taiwan Fund by 2.1% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 37,037 shares of the company’s stock valued at $1,660,000 after acquiring an additional 765 shares in the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Taiwan Fund by 15.2% during the 3rd quarter. Shaker Financial Services LLC now owns 49,438 shares of the company’s stock worth $2,676,000 after purchasing an additional 6,537 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.