Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,238,656 shares of the company's stock after selling 475,673 shares during the period. Allspring Global Investments Holdings LLC owned about 14.87% of Japan Smaller Capitalization Fund worth $40,180,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of Japan Smaller Capitalization Fund by 7.7% during the 3rd quarter. HighTower Advisors LLC now owns 22,471 shares of the company's stock worth $181,000 after acquiring an additional 1,609 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new position in shares of Japan Smaller Capitalization Fund during the 3rd quarter worth approximately $259,000. Raffles Associates LP raised its stake in shares of Japan Smaller Capitalization Fund by 16.1% during the 3rd quarter. Raffles Associates LP now owns 224,025 shares of the company's stock worth $1,853,000 after acquiring an additional 31,000 shares in the last quarter. Pekin Hardy Strauss Inc. raised its stake in shares of Japan Smaller Capitalization Fund by 23.6% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 16,119 shares of the company's stock worth $133,000 after acquiring an additional 3,075 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Japan Smaller Capitalization Fund during the 4th quarter worth approximately $32,000.

Japan Smaller Capitalization Fund Trading Up 1.1 %

Shares of NYSE JOF traded up $0.09 during trading hours on Tuesday, hitting $8.01. 30,473 shares of the stock were exchanged, compared to its average volume of 54,537. The firm has a fifty day moving average price of $7.72 and a 200-day moving average price of $7.78. Japan Smaller Capitalization Fund, Inc. has a 12 month low of $6.89 and a 12 month high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 27th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.3118 per share. This is a positive change from Japan Smaller Capitalization Fund's previous annual dividend of $0.27. The ex-dividend date was Thursday, December 19th. This represents a yield of 3.3%.

About Japan Smaller Capitalization Fund

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.