Noble Wealth Management PBC Sells 45,178 Shares of Japan Smaller Capitalization Fund, Inc. $JOF

Noble Wealth Management PBC reduced its stake in shares of Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) by 90.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the company’s stock after selling 45,178 shares during the quarter. Noble Wealth Management PBC’s holdings in Japan Smaller Capitalization Fund were worth $53,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Japan Smaller Capitalization Fund by 144.7% in the fourth quarter. Bank of America Corp DE now owns 5,138 shares of the company’s stock worth $39,000 after purchasing an additional 3,038 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at about $43,000. Western Wealth Management LLC bought a new stake in shares of Japan Smaller Capitalization Fund in the 1st quarter valued at about $50,000. Colonial Trust Advisors bought a new stake in shares of Japan Smaller Capitalization Fund in the 4th quarter valued at about $104,000. Finally, Quantedge Capital Pte Ltd purchased a new position in shares of Japan Smaller Capitalization Fund in the 1st quarter worth approximately $131,000.

Japan Smaller Capitalization Fund Trading Up 2.1%

NYSE JOF opened at $11.82 on Wednesday. The company has a 50 day moving average price of $11.57 and a 200 day moving average price of $11.46. Japan Smaller Capitalization Fund, Inc. has a 52 week low of $9.84 and a 52 week high of $12.76.

Japan Smaller Capitalization Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.0956 dividend. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 15th.

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.