Virtu Financial LLC Buys New Shares in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

Virtu Financial LLC purchased a new position in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,588 shares of the company’s stock, valued at approximately $104,000.

A number of other large investors have also recently made changes to their positions in the stock. City of London Investment Management Co. Ltd. raised its stake in Japan Smaller Capitalization Fund by 8.8% during the 2nd quarter. City of London Investment Management Co. Ltd. now owns 4,903,167 shares of the company’s stock worth $37,166,000 after acquiring an additional 395,290 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Japan Smaller Capitalization Fund during the 3rd quarter valued at $1,351,000. Matisse Capital lifted its stake in shares of Japan Smaller Capitalization Fund by 196.4% during the 2nd quarter. Matisse Capital now owns 246,456 shares of the company’s stock valued at $1,868,000 after buying an additional 163,319 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in Japan Smaller Capitalization Fund by 9,241.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 87,627 shares of the company’s stock worth $664,000 after buying an additional 86,689 shares during the period. Finally, Almitas Capital LLC increased its stake in Japan Smaller Capitalization Fund by 26.2% in the 2nd quarter. Almitas Capital LLC now owns 360,847 shares of the company’s stock worth $2,735,000 after buying an additional 74,904 shares in the last quarter.

Japan Smaller Capitalization Fund Stock Performance

Shares of Japan Smaller Capitalization Fund stock opened at $7.55 on Friday. The stock’s 50-day simple moving average is $7.75 and its 200-day simple moving average is $7.78. Japan Smaller Capitalization Fund, Inc. has a 52 week low of $6.89 and a 52 week 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 issued a $0.3118 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from Japan Smaller Capitalization Fund’s previous annual dividend of $0.27. 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.