Japan Smaller Capitalizaion Fund (JOF) : Barry Investment Advisors reduced its stake in Japan Smaller Capitalizaion Fund by 0.35% during the most recent quarter end. The investment management company now holds a total of 2,379,452 shares of Japan Smaller Capitalizaion Fund which is valued at $23,313,871 after selling 8,301 shares in Japan Smaller Capitalizaion Fund , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Japan Smaller Capitalizaion Fund makes up approximately 7.24% of Barry Investment Advisors’s portfolio.
Japan Smaller Capitalizaion Fund opened for trading at $9.86 and hit $9.86 on the upside on Friday, eventually ending the session at $9.798, with a gain of 0.08% or 0.008 points. The heightened volatility saw the trading volume jump to 22,115 shares. Company has a market cap of $155 M.
Other Hedge Funds, Including , Creative Planning sold out all of its stake in JOF during the most recent quarter. The investment firm sold 7,330 shares of JOF which is valued $69,041.
Japan Smaller Capitalization Fund Inc. is a non-diversified closed-end management investment company. The Fund invests in undervalued stocks that offer fundamental strength and potential for improvement. The Fund focuses on companies which are leaders in certain niche markets companies with large or expanding market shares stocks with superior shareholder distribution policies and stocks that offer good growth prospects. The Fund held a diversified portfolio of 124 stocks of which 99 were Tokyo Stock Exchange (TSE) First Section stocks; 20 were TSE Second Section stocks and five were other smaller capitalization stocks as of February 28 2015. Nomura Asset Management U.S.A. Inc. is the manager of the Fund. Nomura Asset Management Co. Ltd. is the investment adviser of the Fund.