Key Points
- Director Shelley Rigger sold 134 shares of Taiwan Fund (NYSE:TWN) on May 19 at an average price of $88.82, totaling about $11,901.88. After the sale, she held 166 shares, a 44.67% reduction in her position.
- Taiwan Fund shares were up 0.3% and opened at $94.46 on Wednesday. The stock has traded between a 52-week low of $40.33 and a high of $103.45.
- Several hedge funds recently adjusted their stakes in Taiwan Fund, with firms such as Lazard Asset Management, Rock Creek Group, and Quantedge Capital reporting increased holdings. The fund is a closed-end vehicle that gives U.S. investors exposure to Taiwanese equities, especially in technology and semiconductors.
Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) Director Shelley Rigger sold 134 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $88.82, for a total value of $11,901.88. Following the completion of the transaction, the director owned 166 shares in the company, valued at approximately $14,744.12. The trade was a 44.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Taiwan Fund Trading Up 0.3%
TWN opened at $94.46 on Wednesday. Taiwan Fund, Inc. has a one year low of $40.33 and a one year high of $103.45. The business's 50-day simple moving average is $86.62 and its 200-day simple moving average is $68.55.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. Quantedge Capital Pte Ltd increased its holdings in shares of Taiwan Fund by 7.4% in the 1st quarter. Quantedge Capital Pte Ltd now owns 14,436 shares of the company's stock valued at $949,000 after acquiring an additional 1,000 shares during the last quarter. Evolve Private Wealth LLC purchased a new position in shares of Taiwan Fund in the 4th quarter valued at about $915,000. Lazard Asset Management LLC boosted its position in shares of 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 purchasing an additional 41,221 shares during the period. Rock Creek Group LP boosted its position in shares of Taiwan Fund by 1,061.6% in the 3rd 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 position in shares of Taiwan Fund by 40.8% in the 2nd 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
(
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.
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