Key Points
- William Kirby, a director of Taiwan Fund (NYSE:TWN), purchased 50,687 shares on Feb. 26 at an average price of $64.90, a transaction totaling about $3.29 million disclosed in an SEC filing.
- TWN shares opened at $65.80 and trade near a 52-week high of $66.20 (50-day/200-day moving averages: $58.04/$55.54), and the fund recently paid an annual dividend of $6.2002 with an ex-dividend date of Dec. 29.
Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) Director William Kirby acquired 50,687 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The stock was acquired at an average price of $64.90 per share, for a total transaction of $3,289,586.30. Following the completion of the acquisition, the director directly owned 2,886 shares of the company's stock, valued at $187,301.40. The trade was a -106.04% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.
Taiwan Fund Price Performance
TWN stock opened at $65.80 on Friday. Taiwan Fund, Inc. has a 52-week low of $26.45 and a 52-week high of $66.20. The business has a fifty day moving average of $58.04 and a two-hundred day moving average of $55.54.
Taiwan Fund Cuts Dividend
The company 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. This represents a dividend yield of 1,171.0%. The ex-dividend date was Monday, December 29th.
Institutional Trading of Taiwan Fund
Institutional investors and hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in shares of 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 in the last quarter. Rock Creek Group LP acquired a new position in shares of Taiwan Fund in the 2nd quarter valued at $255,000. Evolve Private Wealth LLC acquired a new stake in Taiwan Fund during the 4th quarter worth $915,000. Quantedge Capital Pte Ltd lifted its position in Taiwan Fund by 2.1% in the second 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 during the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of Taiwan Fund by 15.2% during the third 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.
About Taiwan Fund
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
