City of London Investment Management Co. Ltd. Lowers Holdings in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

City of London Investment Management Co. Ltd. lessened its position in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF – Get Rating) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,547,676 shares of the company’s stock after selling 64,905 shares during the quarter. Japan Smaller Capitalization Fund makes up about 2.4% of City of London Investment Management Co. Ltd.’s holdings, making the stock its 15th largest position. City of London Investment Management Co. Ltd.’s holdings in Japan Smaller Capitalization Fund were worth $29,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. grew its holdings in shares of Japan Smaller Capitalization Fund by 21.0% during the 4th quarter. Waterfront Wealth Inc. now owns 15,000 shares of the company’s stock worth $103,000 after purchasing an additional 2,600 shares during the period. Raymond James & Associates grew its stake in shares of Japan Smaller Capitalization Fund by 2.8% in the first quarter. Raymond James & Associates now owns 101,227 shares of the company’s stock worth $725,000 after purchasing an additional 2,711 shares in the last quarter. Bank of America Corp DE grew its holdings in Japan Smaller Capitalization Fund by 449.6% during the fourth quarter. Bank of America Corp DE now owns 4,100 shares of the company’s stock worth $27,000 after acquiring an additional 3,354 shares during the period. Advisor Group Holdings Inc. acquired a new position in Japan Smaller Capitalization Fund during the fourth quarter worth about $27,000. Finally, National Bank of Canada FI acquired a new position in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 65.77% of the company’s stock.

Japan Smaller Capitalization Fund Trading Down 2.5 %

NYSE JOF traded down $0.19 during trading on Friday, reaching $7.27. 54,333 shares of the company’s stock were exchanged, compared to its average volume of 41,311. Japan Smaller Capitalization Fund, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $7.46. The company’s fifty day simple moving average is $6.98 and its 200-day simple moving average is $6.73.

Japan Smaller Capitalization Fund Company Profile

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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.