Shares of Taiwan Fund, Inc. (The) (NYSE:TWN - Get Free Report) shot up 1.6% during mid-day trading on Wednesday . The company traded as high as $46.32 and last traded at $45.85. 8,237 shares changed 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 Price Performance
The business's 50-day simple moving average is $42.17 and its 200-day simple moving average is $37.62.
Institutional Investors Weigh In On Taiwan Fund
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC bought a new position in shares of Taiwan Fund during the 4th quarter valued at $268,000. Cetera Investment Advisers bought a new position in shares of Taiwan Fund during the 4th quarter valued at $206,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Taiwan Fund during the 4th quarter valued at $1,269,000. LPL Financial LLC bought a new position in shares of Taiwan Fund during the 4th quarter valued at $737,000. Finally, Quantedge Capital Pte Ltd raised its holdings in shares of Taiwan Fund by 41.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 25,081 shares of the company's stock valued at $969,000 after purchasing an additional 7,395 shares in the last quarter.
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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