Allspring Global Investments Holdings LLC Cuts Stock Position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

Allspring Global Investments Holdings LLC cut its holdings in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 8.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,238,656 shares of the company’s stock after selling 475,673 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 14.87% of Japan Smaller Capitalization Fund worth $40,180,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Union Bancaire Privee UBP SA bought a new stake in Japan Smaller Capitalization Fund during the 4th quarter valued at approximately $32,000. Virtu Financial LLC bought a new stake in shares of Japan Smaller Capitalization Fund during the third quarter valued at approximately $104,000. Pekin Hardy Strauss Inc. lifted its holdings in shares of Japan Smaller Capitalization Fund by 23.6% in the third quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company’s stock worth $133,000 after buying an additional 3,075 shares in the last quarter. HighTower Advisors LLC grew its stake in Japan Smaller Capitalization Fund by 7.7% during the third quarter. HighTower Advisors LLC now owns 22,471 shares of the company’s stock valued at $181,000 after acquiring an additional 1,609 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. bought a new stake in Japan Smaller Capitalization Fund in the 3rd quarter valued at $259,000.

Japan Smaller Capitalization Fund Price Performance

JOF opened at $7.94 on Friday. The firm has a 50-day simple moving average of $7.72 and a two-hundred day simple moving average of $7.78. Japan Smaller Capitalization Fund, Inc. has a 52 week low of $6.89 and a 52 week high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 27th. Investors of record on Thursday, December 19th were paid a dividend of $0.3118 per share. The ex-dividend date was Thursday, December 19th. This is a positive change from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. This represents a yield of 3.3%.

Japan Smaller Capitalization Fund Profile

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.