RLX Technology Inc. (NYSE:RLX) Shares Sold by State Street Corp

State Street Corp decreased its position in RLX Technology Inc. (NYSE:RLX) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 5,265,438 shares of the company’s stock after selling 129,082 shares during the quarter. State Street Corp’s holdings in RLX Technology were worth $9,530,000 at the end of the most recent quarter.

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

RLX Technology Stock Performance

RLX opened at $2.06 on Friday. The business’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $1.76. The company has a market cap of $3.24 billion, a P/E ratio of 51.51 and a beta of 1.03. RLX Technology Inc. has a one year low of $1.50 and a one year high of $2.19.

RLX Technology Announces Dividend

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