City of London Investment Management Co. Ltd. Reduces Stock Position in Japan Smaller Capitalization Fund, Inc. $JOF

City of London Investment Management Co. Ltd. cut its position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 17.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,520,068 shares of the company’s stock after selling 764,864 shares during the period. Japan Smaller Capitalization Fund makes up 2.7% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 14th largest position. City of London Investment Management Co. Ltd. owned approximately 9.99% of Japan Smaller Capitalization Fund worth $37,102,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in 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 valued at $57,842,000 after buying an additional 454,000 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Japan Smaller Capitalization Fund by 116.0% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock worth $2,081,000 after buying an additional 106,068 shares during the period. Bulldog Investors LLP raised its position in Japan Smaller Capitalization Fund by 184.4% during the 3rd quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after buying an additional 141,310 shares during the last quarter. Lazard Asset Management LLC raised its position in Japan Smaller Capitalization Fund by 0.8% during the 2nd quarter. Lazard Asset Management LLC now owns 2,320,298 shares of the company’s stock worth $22,367,000 after buying an additional 19,460 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Japan Smaller Capitalization Fund by 37,758.0% during the 2nd quarter. Bank of America Corp DE now owns 795,018 shares of the company’s stock worth $7,664,000 after buying an additional 792,918 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE JOF 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 company has a 50 day simple moving average of $11.61 and a two-hundred day simple moving average of $10.95.

Japan Smaller Capitalization Fund Dividend Announcement

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