Wealth Enhancement Advisory Services LLC Trims Stake in Relx Plc (NYSE:RELX)

Wealth Enhancement Advisory Services LLC lowered its position in Relx Plc (NYSE:RELX) by 5.8% in the 3rd quarter, Holdings Channel reports. The firm owned 41,395 shares of the technology company’s stock after selling 2,565 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Relx were worth $1,965,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Indiana Trust & Investment Management CO bought a new stake in shares of Relx during the 2nd quarter worth approximately $52,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Relx by 144.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock valued at $62,000 after purchasing an additional 852 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Relx during the second quarter valued at $72,000. TFC Financial Management Inc. bought a new position in shares of Relx in the second quarter worth about $88,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Relx in the 2nd quarter worth about $107,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

RELX opened at $47.08 on Friday. Relx Plc has a 12-month low of $34.58 and a 12-month high of $48.91. The business’s fifty day simple moving average is $47.25 and its 200-day simple moving average is $45.54.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RELX shares. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com initiated coverage on shares of Relx in a research note on Wednesday. They set a “hold” rating for the company.

Relx Company 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.