UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 225,200 Shares of RLX Technology Inc. (NYSE:RLX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in RLX Technology Inc. (NYSE:RLX) by 58.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 612,067 shares of the company’s stock after acquiring an additional 225,200 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in RLX Technology were worth $1,108,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of RLX Technology by 284.8% during the third 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 during the period. Profund Advisors LLC acquired a new position in RLX Technology in the second quarter valued at about $72,000. Bank of New York Mellon Corp grew its stake in 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of RLX Technology during the third quarter worth approximately $108,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of RLX Technology in the second quarter valued at about $146,000. Institutional investors own 22.68% of the company’s stock.

RLX Technology Trading Up 2.0 %

Shares of RLX stock opened at $2.00 on Thursday. The firm’s 50 day moving average is $1.76 and its 200-day moving average is $1.76. RLX Technology Inc. has a 1 year low of $1.50 and a 1 year high of $2.19. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 50.01 and a beta of 1.03.

RLX Technology Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.01 per share. This represents a dividend yield of 0.59%. The ex-dividend date is Friday, December 6th. RLX Technology’s dividend payout ratio (DPR) 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.