Taiwan Fund (NYSE:TWN) Shares Gap Down – Time to Sell?

Shares of Taiwan Fund, Inc. (The) (NYSE:TWN) gapped down prior to trading on Wednesday . The stock had previously closed at $93.90, but opened at $91.26. Taiwan Fund shares last traded at $91.8540, with a volume of 1,972 shares changing hands.

Taiwan Fund Stock Down 0.5%

The stock’s fifty day moving average is $95.54 and its 200-day moving average is $75.44.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Quantedge Capital Pte Ltd boosted its position in 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 purchasing an additional 1,000 shares during the period. Evolve Private Wealth LLC acquired a new stake in Taiwan Fund in the 4th quarter valued at approximately $915,000. Lazard Asset Management LLC increased its holdings in Taiwan Fund by 3.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,123,030 shares of the company’s stock valued at $59,947,000 after buying an additional 41,221 shares during the period. Osaic Holdings Inc. lifted its stake in Taiwan Fund by 40.8% during the second 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. Finally, Karpus Management Inc. boosted its holdings in Taiwan Fund by 86.4% during the second 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.

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.