443,293 Shares of Japan Smaller Capitalization Fund, Inc. $JOF Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 443,293 shares of Japan Smaller Capitalization Fund during the second quarter, worth approximately $5.22 million and representing about 1.56% of the fund.
• Several other institutional investors also initiated or increased positions in JOF, including CIBC World Markets, Raffles Associates, Hara Capital, Bard Associates, and Altium Capital Management.
• JOF shares opened at $12.62, near their 52-week high of $12.85, while the fund announced a monthly dividend of $0.0956 per share, equating to an annualized yield of approximately 9.1%.

Bank of America Corp DE bought a new stake in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 443,293 shares of the company's stock, valued at approximately $5,222,000. Bank of America Corp DE owned approximately 1.56% of Japan Smaller Capitalization Fund at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JOF. Cibc World Market Inc. acquired a new position in shares of Japan Smaller Capitalization Fund in the 2nd quarter valued at about $1,242,000. Raffles Associates LP acquired a new stake in Japan Smaller Capitalization Fund during the 2nd quarter valued at $1,307,000. Hara Capital LLC acquired a new stake in shares of Japan Smaller Capitalization Fund during the second quarter valued at about $1,163,000. Altium Capital Management LLC boosted its holdings in Japan Smaller Capitalization Fund by 278.2% in the first quarter. Altium Capital Management LLC now owns 150,412 shares of the company's stock valued at $1,639,000 after purchasing an additional 110,637 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in Japan Smaller Capitalization Fund in the second quarter valued at about $687,000.

Japan Smaller Capitalization Fund Stock Performance

Shares of NYSE JOF opened at $12.62 on Tuesday. Japan Smaller Capitalization Fund, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $12.85. The business has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $11.65.

Japan Smaller Capitalization Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be issued a dividend of $0.0956 per share. This represents a $1.15 annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend is Tuesday, December 15th.

About Japan Smaller Capitalization Fund

Japan Smaller Capitalization Fund, Inc NYSE: JOF is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the equity securities of smaller-capitalization companies in Japan.

The fund provides investors with diversified exposure to Japan's small-capitalization market across a range of industries. Its portfolio may include companies at different stages of development, with investment selection focused on identifying businesses that the adviser believes offer attractive long-term growth potential.

Japan Smaller Capitalization Fund has been listed in the United States since 1987.

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