Ionic Capital Management LLC Makes New Investment in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF)

Ionic Capital Management LLC bought a new stake in Japan Smaller Capitalization Fund, Inc. (NYSE:JOF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 56,681 shares of the company’s stock, valued at approximately $435,000.

Other large investors also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its holdings in Japan Smaller Capitalization Fund by 4.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 58,257 shares of the company’s stock valued at $447,000 after buying an additional 2,251 shares in the last quarter. Bank of America Corp DE grew its stake in shares of 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 valued at $39,000 after acquiring an additional 3,038 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Japan Smaller Capitalization Fund during the fourth quarter worth about $32,000. Hara Capital LLC raised its stake in Japan Smaller Capitalization Fund by 2.4% in the 4th quarter. Hara Capital LLC now owns 387,063 shares of the company’s stock worth $2,969,000 after purchasing an additional 8,899 shares in the last quarter. Finally, Raffles Associates LP boosted its holdings in Japan Smaller Capitalization Fund by 10.8% in the 4th quarter. Raffles Associates LP now owns 248,168 shares of the company’s stock valued at $1,903,000 after purchasing an additional 24,143 shares during the period.

Japan Smaller Capitalization Fund Stock Down 0.4 %

Shares of JOF opened at $8.94 on Friday. Japan Smaller Capitalization Fund, Inc. has a 12 month low of $6.89 and a 12 month high of $9.09. The firm’s 50 day moving average is $8.40 and its 200-day moving average is $7.97.

Japan Smaller Capitalization Fund Profile

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.