Allspring Global Investments Holdings LLC Decreases Stock Holdings in Japan Smaller Capitalization Fund, Inc. $JOF

Allspring Global Investments Holdings LLC reduced its stake in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 7.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,075,569 shares of the company’s stock after selling 420,293 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.18% of Japan Smaller Capitalization Fund worth $55,324,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JOF. Bank of America Corp DE lifted its position in shares of Japan Smaller Capitalization Fund by 144.7% during the 4th quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock valued at $39,000 after acquiring an additional 3,038 shares during the period. International Assets Investment Management LLC purchased a new stake in Japan Smaller Capitalization Fund during the fourth quarter worth $43,000. Colonial Trust Advisors purchased a new stake in Japan Smaller Capitalization Fund during the fourth quarter worth $104,000. CIBC Bancorp USA Inc. acquired a new stake in Japan Smaller Capitalization Fund in the third quarter valued at $215,000. Finally, Triasima Portfolio Management inc. grew its holdings in Japan Smaller Capitalization Fund by 38.0% in the fourth quarter. Triasima Portfolio Management inc. now owns 21,800 shares of the company’s stock valued at $242,000 after purchasing an additional 6,000 shares during the last quarter.

Japan Smaller Capitalization Fund Stock Performance

Shares of JOF stock opened at $11.24 on Friday. Japan Smaller Capitalization Fund, Inc. has a fifty-two week low of $9.59 and a fifty-two week high of $12.76. The business has a fifty day simple moving average of $11.63 and a 200-day simple moving average of $11.43.

Japan Smaller Capitalization Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $0.0956 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.2%.

About Japan Smaller Capitalization Fund

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.