Spectrum Asset Management Inc. NB CA Invests $521,000 in Japan Smaller Capitalization Fund, Inc. $JOF

Spectrum Asset Management Inc. NB CA bought a new position in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 47,055 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Japan Smaller Capitalization Fund by 9.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,487,892 shares of the company’s stock worth $57,842,000 after purchasing an additional 454,000 shares during the last quarter. Bulldog Investors LLP lifted its position in shares of Japan Smaller Capitalization Fund by 184.4% during the third quarter. Bulldog Investors LLP now owns 217,948 shares of the company’s stock worth $2,297,000 after purchasing an additional 141,310 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Japan Smaller Capitalization Fund by 116.0% during the third quarter. Pekin Hardy Strauss Inc. now owns 197,467 shares of the company’s stock worth $2,081,000 after purchasing an additional 106,068 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of 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 worth $22,367,000 after purchasing an additional 19,460 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of 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 worth $7,664,000 after purchasing an additional 792,918 shares during the last quarter.

Japan Smaller Capitalization Fund Trading Up 1.1%

NYSE:JOF opened at $11.12 on Wednesday. Japan Smaller Capitalization Fund, Inc. has a twelve month low of $8.19 and a twelve month high of $12.76. The stock has a fifty day simple moving average of $11.40 and a 200-day simple moving average of $10.96.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.0887 per share. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Monday, June 15th.

Japan Smaller Capitalization Fund Company 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.