Shelley Rigger Sells 134 Shares of Taiwan Fund (NYSE:TWN) Stock

Taiwan Fund, Inc. (The) (NYSE:TWN) Director Shelley Rigger sold 134 shares of Taiwan Fund stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $88.82, for a total value of $11,901.88. Following the sale, the director directly owned 166 shares of the company’s stock, valued at approximately $14,744.12. This trade represents a 44.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Taiwan Fund Price Performance

Shares of TWN traded down $2.27 during midday trading on Tuesday, reaching $91.87. The stock had a trading volume of 108,714 shares, compared to its average volume of 37,499. The company’s 50-day moving average is $86.03 and its 200 day 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 Inflows and Outflows

Several large investors have recently made changes to their positions in TWN. Karpus Management Inc. boosted its stake in shares of Taiwan Fund by 86.4% in the 2nd quarter. Karpus Management Inc. now owns 91,145 shares of the company’s stock valued at $4,084,000 after purchasing an additional 42,256 shares in the last quarter. Osaic Holdings Inc. raised its position in Taiwan Fund by 40.8% in 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 during the period. 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 worth $3,585,000 after purchasing an additional 60,510 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Taiwan Fund by 3.8% in 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 during the last quarter. Finally, Evolve Private Wealth LLC purchased a new stake in Taiwan Fund during the fourth quarter valued at about $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.