Taiwan Fund (NYSE:TWN) Sees Large Volume Increase – Time to Buy?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) saw strong trading volume on Wednesday . 50,662 shares traded hands during trading, an increase of 58% from the previous session’s volume of 32,028 shares.The stock last traded at $90.4850 and had previously closed at $88.93.

Taiwan Fund Trading Up 1.0%

The company’s 50-day moving average price is $76.72 and its 200-day moving average price is $64.24.

Insider Activity

In related news, Director William C. Kirby acquired 50,687 shares of the stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of $64.90 per share, with a total value of $3,289,586.30. Following the completion of the transaction, the director directly owned 2,886 shares of the company’s stock, valued at approximately $187,301.40. The trade was a -106.04% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taiwan Fund

Several large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC increased its position in shares of Taiwan Fund by 3.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock worth $59,947,000 after acquiring an additional 41,221 shares in the last quarter. Karpus Management Inc. increased its position in shares of Taiwan Fund by 86.4% during 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. Rock Creek Group LP increased its position in shares of Taiwan Fund by 1,061.6% during the third 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 in the last quarter. Evolve Private Wealth LLC bought a new stake in shares of Taiwan Fund during the fourth quarter worth $915,000. Finally, Quantedge Capital Pte Ltd increased its position in shares of Taiwan Fund by 7.4% during the first quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company’s stock worth $949,000 after acquiring an additional 1,000 shares in 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.