Kovitz Investment Group Partners LLC Makes New Investment in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

Kovitz Investment Group Partners LLC purchased a new stake in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 167,173 shares of the company's stock, valued at approximately $1,351,000. Kovitz Investment Group Partners LLC owned approximately 0.47% of Japan Smaller Capitalization Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of JOF. HighTower Advisors LLC lifted its holdings 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 during the period. Raffles Associates LP grew its position 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 buying an additional 31,000 shares during the period. Pekin Hardy Strauss Inc. grew its position 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 buying an additional 3,075 shares during the period. Landscape Capital Management L.L.C. grew its holdings in Japan Smaller Capitalization Fund by 60.1% during the third quarter. Landscape Capital Management L.L.C. now owns 139,930 shares of the company's stock valued at $1,157,000 after purchasing an additional 52,526 shares during the period. Finally, RPO LLC boosted its holdings in shares of Japan Smaller Capitalization Fund by 393.6% in the third quarter. RPO LLC now owns 76,345 shares of the company's stock valued at $631,000 after buying an additional 60,878 shares during the period.

Japan Smaller Capitalization Fund Stock Performance

Shares of JOF stock traded up $0.04 during trading on Wednesday, reaching $8.00. The company's stock had a trading volume of 95,602 shares, compared to its average volume of 59,515. The business has a fifty day moving average price of $7.78 and a 200-day moving average price of $7.77. Japan Smaller Capitalization Fund, Inc. has a one year low of $6.89 and a one year high of $8.34.

Japan Smaller Capitalization Fund Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 27th. Investors of record on Thursday, December 19th will be paid a $0.3118 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This is an increase from Japan Smaller Capitalization Fund's previous annual dividend of $0.27. This represents a dividend 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.