RLX Technology Inc. (NYSE:RLX) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in RLX Technology Inc. (NYSE:RLX) by 19.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,725 shares of the company’s stock after selling 66,515 shares during the quarter. Geode Capital Management LLC’s holdings in RLX Technology were worth $506,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RLX. Centiva Capital LP purchased a new position in RLX Technology in the third quarter valued at about $29,000. Blue Trust Inc. raised its position in shares of RLX Technology by 284.8% in the 3rd quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock valued at $65,000 after purchasing an additional 26,220 shares in the last quarter. Profund Advisors LLC purchased a new position in shares of RLX Technology during the 2nd quarter valued at approximately $72,000. Bank of New York Mellon Corp grew its position in shares of RLX Technology by 36.5% during the second quarter. Bank of New York Mellon Corp now owns 39,615 shares of the company’s stock worth $73,000 after buying an additional 10,596 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of RLX Technology in the third quarter worth $108,000. Institutional investors and hedge funds own 22.68% of the company’s stock.

RLX Technology Stock Down 1.4 %

Shares of RLX Technology stock opened at $2.16 on Friday. The business has a 50-day moving average price of $1.92 and a 200 day moving average price of $1.79. RLX Technology Inc. has a fifty-two week low of $1.50 and a fifty-two week high of $2.31. The firm has a market cap of $3.39 billion, a P/E ratio of 54.01 and a beta of 0.97.

RLX Technology Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.01 dividend. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology’s payout ratio is currently 25.00%.

RLX Technology Profile

RLX Technology Inc, together with its subsidiaries, engages in the manufacture and sale of e-vapor products in the People's Republic of China and internationally. It serves partner distributors and retail outlets. The company was founded in 2018 and is headquartered in Beijing, China.