JPMorgan Chase & Co. Has $27.24 Million Holdings in RLX Technology Inc. (NYSE:RLX)

JPMorgan Chase & Co. lowered its position in shares of RLX Technology Inc. (NYSE:RLX) by 6.7% during the third quarter, Holdings Channel reports. The fund owned 15,049,125 shares of the company’s stock after selling 1,077,881 shares during the quarter. JPMorgan Chase & Co.’s holdings in RLX Technology were worth $27,239,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. First Beijing Investment Ltd grew its position in RLX Technology by 33.6% during the 3rd quarter. First Beijing Investment Ltd now owns 28,440,248 shares of the company’s stock worth $51,477,000 after purchasing an additional 7,159,064 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of RLX Technology in the third quarter worth $2,386,000. Point72 Asset Management L.P. grew its holdings in shares of RLX Technology by 8,292.2% during the third quarter. Point72 Asset Management L.P. now owns 1,313,300 shares of the company’s stock valued at $2,377,000 after buying an additional 1,297,651 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in RLX Technology by 58.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,067 shares of the company’s stock valued at $1,108,000 after buying an additional 225,200 shares during the period. Finally, Franklin Resources Inc. lifted its stake in RLX Technology by 14.5% in the 3rd quarter. Franklin Resources Inc. now owns 293,830 shares of the company’s stock worth $497,000 after acquiring an additional 37,294 shares in the last quarter. Hedge funds and other institutional investors own 22.68% of the company’s stock.

RLX Technology Trading Up 0.5 %

Shares of NYSE 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. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.31. The business has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $1.78.

RLX Technology Dividend Announcement

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

RLX Technology Company 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.