1607 Capital Partners LLC Sells 317,573 Shares of Japan Smaller Capitalization Fund, Inc. $JOF

Key Points

• 1607 Capital Partners LLC reduced its stake in the Japan Smaller Capitalization Fund by 317,573 shares, a 6.5% decrease, bringing its total holdings to approximately 4.57 million shares.
• The Japan Smaller Capitalization Fund recently declared a monthly dividend of $0.0887, representing an annualized dividend yield of 9.9%, payable on September 30th.
• Shares of NYSE:JOF are trading at $10.73, up 0.4%, with a 52-week range between $7.43 and $10.75.

1607 Capital Partners LLC trimmed its holdings in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 6.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,568,762 shares of the company's stock after selling 317,573 shares during the quarter. Japan Smaller Capitalization Fund comprises 3.1% of 1607 Capital Partners LLC's portfolio, making the stock its 9th biggest holding. 1607 Capital Partners LLC owned 12.97% of Japan Smaller Capitalization Fund worth $38,332,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in Japan Smaller Capitalization Fund during the first quarter worth $94,000. Blue Bell Private Wealth Management LLC grew its position 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 valued at $345,000 after purchasing an additional 1,700 shares during the last quarter. CWM LLC grew its position in shares of Japan Smaller Capitalization Fund by 275.5% in the first quarter. CWM LLC now owns 4,506 shares of the company's stock valued at $38,000 after purchasing an additional 3,306 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Japan Smaller Capitalization Fund by 2.6% in the first quarter. Mraz Amerine & Associates Inc. now owns 104,491 shares of the company's stock valued at $876,000 after purchasing an additional 2,670 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its position in shares of 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 last quarter.

Japan Smaller Capitalization Fund Stock Up 0.4%

Shares of NYSE:JOF opened at $10.73 on Tuesday. The stock's 50-day moving average is $9.99 and its 200-day moving average is $9.13. Japan Smaller Capitalization Fund, Inc. has a 52-week low of $7.43 and a 52-week high of $10.75.

Japan Smaller Capitalization Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a $0.0887 dividend. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend is Monday, September 15th.

Japan Smaller Capitalization Fund Company 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.

Want to see what other hedge funds are holding JOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.