Shaker Financial Services LLC Raises Holdings in Japan Smaller Capitalization Fund, Inc. $JOF

Shaker Financial Services LLC raised its position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 45.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,575 shares of the company’s stock after purchasing an additional 30,699 shares during the quarter. Shaker Financial Services LLC’s holdings in Japan Smaller Capitalization Fund were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of JOF. CWM LLC raised its stake in shares of Japan Smaller Capitalization Fund by 275.5% in the 1st quarter. CWM LLC now owns 4,506 shares of the company’s stock valued at $38,000 after acquiring an additional 3,306 shares during the period. Bank of America Corp DE increased its holdings in Japan Smaller Capitalization Fund by 144.7% in the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after purchasing an additional 3,038 shares in the last quarter. Virtu Financial LLC acquired a new stake in Japan Smaller Capitalization Fund in the 1st quarter valued at $94,000. Pekin Hardy Strauss Inc. raised its position in Japan Smaller Capitalization Fund by 9.3% in the first quarter. Pekin Hardy Strauss Inc. now owns 17,619 shares of the company’s stock valued at $148,000 after purchasing an additional 1,500 shares during the period. Finally, Mills Wealth Advisors LLC lifted its stake in shares of Japan Smaller Capitalization Fund by 9.1% during the second quarter. Mills Wealth Advisors LLC now owns 24,851 shares of the company’s stock worth $240,000 after purchasing an additional 2,070 shares in the last quarter.

Japan Smaller Capitalization Fund Stock Up 0.6%

Shares of NYSE JOF opened at $10.36 on Monday. Japan Smaller Capitalization Fund, Inc. has a 1-year low of $7.43 and a 1-year high of $11.00. The business has a 50-day moving average of $10.58 and a 200-day moving average of $9.90.

Japan Smaller Capitalization Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a $0.0887 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a yield of 10.3%.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc is a closed-ended equity mutual fund launched by Nomura Asset Management U.SA Inc It is managed by Nomura Asset Management Co, Ltd. The fund invests in the public equity markets of Japan. It invests in stocks traded on the Tokyo, Osaka and Nagoya Stock Exchanges, JASDAQ, Mothers, Hercules, Centrex, and other indices.