Commonwealth Equity Services LLC lowered its holdings in shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating) by 23.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,924 shares of the company's stock after selling 6,969 shares during the quarter. Commonwealth Equity Services LLC's holdings in Electrameccanica Vehicles were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Invesco Ltd. raised its holdings in Electrameccanica Vehicles by 10.8% in the 4th quarter. Invesco Ltd. now owns 7,950,863 shares of the company's stock worth $18,128,000 after acquiring an additional 774,852 shares during the period. BNP Paribas Arbitrage SA bought a new position in Electrameccanica Vehicles in the 4th quarter worth $494,000. Qube Research & Technologies Ltd bought a new position in Electrameccanica Vehicles in the 4th quarter worth $359,000. Baird Financial Group Inc. raised its holdings in Electrameccanica Vehicles by 14.6% in the 4th quarter. Baird Financial Group Inc. now owns 674,828 shares of the company's stock worth $1,539,000 after acquiring an additional 85,790 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Electrameccanica Vehicles by 10.9% in the 4th quarter. Rafferty Asset Management LLC now owns 809,721 shares of the company's stock worth $1,846,000 after acquiring an additional 79,865 shares during the period. Institutional investors own 22.63% of the company's stock.

Electrameccanica Vehicles Price Performance

Shares of SOLO opened at $1.52 on Tuesday. The company has a market capitalization of $180.29 million, a PE ratio of -2.62 and a beta of 2.37. Electrameccanica Vehicles Corp. has a one year low of $1.22 and a one year high of $4.10. The company's fifty day moving average price is $1.48 and its 200 day moving average price is $1.71.

Electrameccanica Vehicles Company Profile

(Get Rating)

Electrameccanica Vehicles Corp., a development-stage company, develops, manufactures, and sells electric vehicles in Canada. The company operates in two segments, Electric Vehicles and Custom Build Vehicles. Its flagship product is the SOLO, a single seat vehicle. The company is also developing Tofino, an all-electric two-seater roadster.

Read More

• Get a free copy of the StockNews.com research report on Electrameccanica Vehicles (SOLO)
• MarketBeat Podcast: The Time For Cloud Stocks May Be Now
• Macy's Value Lies Beneath its Stores
• The Mattel Train is Ready to Leave the Station
• 3 WallStreetBets Stocks Wall Street is (Mostly) Bullish On
• Does Micron's Dividend Increase Mean It's Time To Buy?

Want to see what other hedge funds are holding SOLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating).

Receive News & Ratings for Electrameccanica Vehicles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electrameccanica Vehicles and related companies with MarketBeat.com's FREE daily email newsletter.