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

Taiwan Fund, Inc. (The) (NYSE:TWN) saw unusually-high trading volume on Wednesday . Approximately 57,548 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 35,468 shares.The stock last traded at $100.7590 and had previously closed at $100.28.

Taiwan Fund Stock Down 0.8%

The business has a fifty day moving average of $81.43 and a 200-day moving average of $66.15.

Institutional Trading of Taiwan Fund

A number of large investors have recently modified their holdings of the company. Quantedge Capital Pte Ltd boosted its holdings in shares of 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 purchasing an additional 1,000 shares during the period. Evolve Private Wealth LLC purchased a new stake in shares of Taiwan Fund in the fourth quarter valued at approximately $915,000. Lazard Asset Management LLC boosted its holdings in shares of Taiwan Fund by 3.8% in the fourth quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock valued at $59,947,000 after purchasing an additional 41,221 shares during the period. Rock Creek Group LP boosted its holdings in shares of 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 purchasing an additional 60,510 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of 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 purchasing an additional 309 shares during the period.

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.