Hexavest, a firm owned 49% by Eaton Vance (EV) has bought into Nio (NIO) after it sold its stake in Apple (AAPL), Microsoft (MSFT), and Intel (INTC).
Hexavest sold 276,772 Apple shares in the fourth quarter to lower its investment to 588,080 shares and sold 191,563 Intel shares in the fourth quarter to end 2020 with 388,516 shares of the chip giant. In addition, Hexavest sold 226,489 Microsoft shares to end the fourth quarter with 473,111 shares.
The firm opened a position in Chinese electric-vehicle maker Nio by buying 7,119 of its American depositary receipts.
