Cibc World Market Inc. Makes New Investment in Japan Smaller Capitalization Fund, Inc. $JOF

Key Points

• CIBC World Market Inc. acquired 105,444 shares of Japan Smaller Capitalization Fund during the second quarter, valued at approximately $1.24 million and representing a 0.37% stake.
• Other institutional investors also adjusted their positions, including Lazard Asset Management, which held 2.32 million shares worth about $22.4 million, and Triasima Portfolio Management, which increased its stake by 38%.
• JOF shares opened at $12.60, near their 52-week high of $12.76. The closed-end fund focuses on long-term capital appreciation through investments in Japanese small-cap equities.

Cibc World Market Inc. bought a new stake in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 105,444 shares of the company's stock, valued at approximately $1,242,000. Cibc World Market Inc. owned 0.37% of Japan Smaller Capitalization Fund at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its stake in shares of Japan Smaller Capitalization Fund by 144.7% in the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company's stock worth $39,000 after acquiring an additional 3,038 shares during the period. Lazard Asset Management LLC boosted its position in shares of Japan Smaller Capitalization Fund by 0.8% during the 2nd 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 in the last quarter. Raymond James Financial Inc. boosted its position in shares of Japan Smaller Capitalization Fund by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 101,127 shares of the company's stock worth $1,066,000 after purchasing an additional 3,847 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Japan Smaller Capitalization Fund during the 3rd quarter worth $215,000. Finally, Triasima Portfolio Management inc. grew its stake in shares of Japan Smaller Capitalization Fund by 38.0% during the 4th quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company's stock worth $242,000 after purchasing an additional 6,000 shares during the period.

Japan Smaller Capitalization Fund Trading Up 0.5%

Shares of JOF opened at $12.60 on Friday. Japan Smaller Capitalization Fund, Inc. has a 52-week low of $9.94 and a 52-week high of $12.76. The company has a 50-day simple moving average of $11.84 and a 200-day simple moving average of $11.57.

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.

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