Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) shares shot up 1.6% during mid-day trading on Wednesday . The stock traded as high as $46.32 and last traded at $45.85. 8,237 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 21,100 shares. The stock had previously closed at $45.13.
Taiwan Fund Stock Up 1.5%
The company's 50 day moving average price is $41.99 and its 200-day moving average price is $37.58.
Hedge Funds Weigh In On Taiwan Fund
A number of institutional investors have recently modified their holdings of TWN. Cetera Investment Advisers bought a new stake in shares of Taiwan Fund in the 4th quarter worth about $206,000. Virtu Financial LLC acquired a new position in Taiwan Fund during the 4th quarter valued at about $216,000. Janus Henderson Group PLC acquired a new stake in shares of Taiwan Fund in the 4th quarter valued at approximately $268,000. Almitas Capital LLC raised its position in shares of Taiwan Fund by 12.7% in the 4th quarter. Almitas Capital LLC now owns 8,547 shares of the company's stock valued at $330,000 after acquiring an additional 962 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Taiwan Fund in the 4th quarter valued at approximately $737,000.
Taiwan Fund Company Profile
(
Get Free Report)
The Taiwan Fund, Inc is a closed-ended equity mutual fund launched and managed by Nomura Asset Management U.SA Inc It invests in the public equity markets of Taiwan. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental analysis focusing on such factors as overall growth prospects, competitive position in the respective industry, technology, research, and development, productivity, labor costs, raw material costs and sources, profit margins, return on investment, capital resources, government regulation, and management to create its portfolio.
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