Stevens Capital Management LP bought a new stake in Nio Inc – (NYSE:NIO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,501 shares of the company’s stock, valued at approximately $186,000.
Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new stake in NIO in the third quarter valued at $219,000. Hershey Trust Co. acquired a new stake in shares of NIO during the first quarter worth $438,000. Advisor Group Inc. raised its holdings in shares of NIO by 510.3% during the fourth quarter. Advisor Group Inc. now owns 22,275 shares of the company’s stock worth $141,000 after purchasing an additional 18,625 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of NIO during the first quarter worth $86,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of NIO during the third quarter worth $8,743,000. Institutional investors and hedge funds own 27.21% of the company’s stock.
