City of London Investment Management Co. Ltd. Sells 201,830 Shares of Japan Smaller Capitalization Fund, Inc. $JOF

City of London Investment Management Co. Ltd. decreased its position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,284,932 shares of the company’s stock after selling 201,830 shares during the quarter. Japan Smaller Capitalization Fund makes up approximately 3.8% of City of London Investment Management Co. Ltd.’s portfolio, making the stock its 10th largest holding. City of London Investment Management Co. Ltd. owned 0.12% of Japan Smaller Capitalization Fund worth $41,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of JOF. CWM LLC grew its stake in 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 buying an additional 3,306 shares during the last quarter. Bank of America Corp DE boosted its holdings in Japan Smaller Capitalization Fund by 144.7% during the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after acquiring an additional 3,038 shares during the period. Virtu Financial LLC bought a new stake in Japan Smaller Capitalization Fund during the first quarter valued at about $94,000. Mills Wealth Advisors LLC grew its position in shares of Japan Smaller Capitalization Fund by 9.1% in the second quarter. Mills Wealth Advisors LLC now owns 24,851 shares of the company’s stock valued at $240,000 after purchasing an additional 2,070 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in shares of Japan Smaller Capitalization Fund by 4.3% in the first quarter. Blue Bell Private Wealth Management LLC now owns 41,150 shares of the company’s stock worth $345,000 after purchasing an additional 1,700 shares during the period.

Japan Smaller Capitalization Fund Price Performance

NYSE JOF opened at $10.46 on Friday. The stock has a 50-day simple moving average of $10.53 and a 200 day simple moving average of $10.01. Japan Smaller Capitalization Fund, Inc. has a twelve month low of $7.43 and a twelve month high of $11.00.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.0887 per share. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%.

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.