Taiwan Fund (NYSE:TWN) Director Acquires $3,289,586.30 in Stock

Taiwan Fund, Inc. (The) (NYSE:TWN) Director William Kirby purchased 50,687 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of $64.90 per share, for a total transaction of $3,289,586.30. Following the transaction, the director owned 2,886 shares of the company’s stock, valued at $187,301.40. This trade represents a -106.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Taiwan Fund Stock Performance

Shares of TWN opened at $65.80 on Monday. The company’s 50 day simple moving average is $58.04 and its 200-day simple moving average is $55.64. Taiwan Fund, Inc. has a 12-month low of $26.45 and a 12-month high of $66.20.

Taiwan Fund Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 29th were paid a $6.2002 dividend. The ex-dividend date was Monday, December 29th. This represents a yield of 1,171.0%.

Hedge Funds Weigh In On Taiwan Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its stake in Taiwan Fund by 40.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,067 shares of the company’s stock valued at $48,000 after acquiring an additional 309 shares during the last quarter. Rock Creek Group LP purchased a new stake in shares of Taiwan Fund during the second quarter worth approximately $255,000. Evolve Private Wealth LLC acquired a new stake in shares of Taiwan Fund during the fourth quarter worth $915,000. Quantedge Capital Pte Ltd grew its position in Taiwan Fund by 2.1% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 37,037 shares of the company’s stock valued at $1,660,000 after buying an additional 765 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in Taiwan Fund by 15.2% in the 3rd quarter. Shaker Financial Services LLC now owns 49,438 shares of the company’s stock valued at $2,676,000 after buying an additional 6,537 shares during the period.

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.