Cambridge Investment Research Advisors cuts stakes in Nio

Cambridge Investment Research Advisors Inc. lessened its stake in shares of Nio Inc – (NYSE:NIO) by 1.8% during the second quarter, according to the company in its most recent disclosure with the SEC.

The fund owned 61,721 shares of the company’s stock after selling 1,134 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in NIO were worth $476,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of NIO. Creative Financial Designs Inc. ADV purchased a new stake in shares of NIO in the 2nd quarter worth about $31,000. Focused Wealth Management Inc lifted its position in shares of NIO by 807.8% in the 2nd quarter.

Focused Wealth Management Inc now owns 5,011 shares of the company’s stock worth $39,000 after purchasing an additional 4,459 shares during the period.

Valeo Financial Advisors LLC lifted its position in NIO by 76.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 5,281 shares of the company’s stock valued at $41,000 after acquiring an additional 2,281 shares during the period.

NorthCoast Asset Management LLC purchased a new position in NIO during the 1st quarter valued at about $28,000. Finally, Vista Investment Management purchased a new position in NIO during the 1st quarter valued at about $28,000. Institutional investors own 31.50% of the company’s stock.

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