B. Riley Wealth Advisors Inc. Reduces Position in Relx Plc (NYSE:RELX)

B. Riley Wealth Advisors Inc. trimmed its stake in Relx Plc (NYSE:RELX) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,787 shares of the technology company’s stock after selling 934 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Relx were worth $227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in RELX. Fifth Third Bancorp boosted its position in Relx by 14.7% during the second quarter. Fifth Third Bancorp now owns 4,519 shares of the technology company’s stock worth $207,000 after acquiring an additional 578 shares during the last quarter. &PARTNERS purchased a new stake in shares of Relx in the second quarter valued at $518,000. Calamos Wealth Management LLC purchased a new stake in shares of Relx in the second quarter valued at $826,000. Verdence Capital Advisors LLC increased its stake in Relx by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 41,469 shares of the technology company’s stock valued at $1,903,000 after purchasing an additional 366 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Relx by 71.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 12,458 shares of the technology company’s stock worth $572,000 after buying an additional 5,211 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

Relx Stock Performance

Shares of NYSE:RELX opened at $45.47 on Friday. The business has a 50-day moving average of $47.01 and a two-hundred day moving average of $46.49. Relx Plc has a 12 month low of $38.47 and a 12 month high of $48.91.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. StockNews.com started coverage on Relx in a report on Wednesday, October 30th. They issued a “hold” rating for the company. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th.

Relx Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.