Japan Smaller Capitalization Fund, Inc. $JOF Shares Sold by City of London Investment Management Co. Ltd.

City of London Investment Management Co. Ltd. lowered its stake in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 17.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,520,068 shares of the company’s stock after selling 764,864 shares during the period. Japan Smaller Capitalization Fund comprises about 2.7% of City of London Investment Management Co. Ltd.’s investment portfolio, making the stock its 14th biggest position. City of London Investment Management Co. Ltd. owned 0.10% of Japan Smaller Capitalization Fund worth $37,102,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Japan Smaller Capitalization Fund by 9.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,487,892 shares of the company’s stock worth $57,842,000 after buying an additional 454,000 shares during the last quarter. Lazard Asset Management LLC raised its position in Japan Smaller Capitalization Fund by 0.8% during the second quarter. Lazard Asset Management LLC now owns 2,320,298 shares of the company’s stock valued at $22,367,000 after acquiring an additional 19,460 shares in the last quarter. Bank of America Corp DE raised its position in Japan Smaller Capitalization Fund by 37,758.0% during the second quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock valued at $7,664,000 after acquiring an additional 792,918 shares in the last quarter. Bulldog Investors LLP lifted its holdings in Japan Smaller Capitalization Fund by 184.4% in the third quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock valued at $2,297,000 after acquiring an additional 141,310 shares during the period. Finally, Pekin Hardy Strauss Inc. lifted its holdings in Japan Smaller Capitalization Fund by 116.0% in the third quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock valued at $2,081,000 after acquiring an additional 106,068 shares during the period.

Japan Smaller Capitalization Fund Stock Performance

Japan Smaller Capitalization Fund stock opened at $10.76 on Friday. Japan Smaller Capitalization Fund, Inc. has a 12 month low of $7.43 and a 12 month high of $12.76. The stock’s 50 day simple moving average is $11.61 and its two-hundred day simple moving average is $10.95.

Japan Smaller Capitalization Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.0887 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Monday, June 15th.

Japan Smaller Capitalization Fund Profile

Japan Smaller Capitalization Fund, Inc (NYSE: JOF) is a U.S.-listed closed-end investment company dedicated to long-term capital appreciation through exposure to Japan’s smaller capitalization equities. The fund seeks to identify and invest in firms whose market valuations and growth prospects may be overlooked by broader market indices, offering investors differentiated access to Japan’s domestic growth opportunities.

The portfolio typically comprises equity securities of companies traded on the Tokyo Stock Exchange and other recognized Japanese markets, with a focus on firms outside the large-cap segment.