RLX Technology Inc. (NYSE:RLX) Holdings Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of RLX Technology Inc. (NYSE:RLX) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,049,125 shares of the company’s stock after selling 1,077,881 shares during the period. JPMorgan Chase & Co. owned 0.96% of RLX Technology worth $27,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RLX. Centiva Capital LP acquired a new stake in RLX Technology in the 3rd quarter valued at approximately $29,000. Blue Trust Inc. grew its stake in shares of RLX Technology by 284.8% in the third quarter. Blue Trust Inc. now owns 35,428 shares of the company’s stock worth $65,000 after purchasing an additional 26,220 shares in the last quarter. Profund Advisors LLC acquired a new position in shares of RLX Technology during the second quarter valued at $72,000. Bank of New York Mellon Corp raised its stake 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 valued at $73,000 after purchasing an additional 10,596 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in RLX Technology in the third quarter worth about $108,000. 22.68% of the stock is currently owned by institutional investors and hedge funds.

RLX Technology Stock Up 0.5 %

Shares of RLX opened at $2.21 on Wednesday. The firm has a market capitalization of $3.47 billion, a PE ratio of 55.26 and a beta of 0.97. The firm has a 50-day moving average price of $1.89 and a 200 day moving average price of $1.78. RLX Technology Inc. has a 52-week low of $1.50 and a 52-week high of $2.31.

RLX Technology Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.01 per share. The ex-dividend date was Friday, December 6th. This represents a dividend yield of 0.59%. RLX Technology’s dividend payout ratio is presently 25.00%.

About RLX Technology

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.