Baird Financial Group Inc. lowered its position in shares of Electrameccanica Vehicles Corp. (NASDAQ:SOLO – Get Rating) by 8.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 856,250 shares of the company's stock after selling 76,140 shares during the period. Baird Financial Group Inc. owned 0.72% of Electrameccanica Vehicles worth $1,156,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Electrameccanica Vehicles by 14.8% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 296,948 shares of the company's stock worth $644,000 after acquiring an additional 38,239 shares during the last quarter. SNS Financial Group LLC bought a new position in shares of Electrameccanica Vehicles during the first quarter worth about $43,000. Capital Square LLC bought a new position in shares of Electrameccanica Vehicles during the first quarter worth about $34,000. Daiwa Securities Group Inc. grew its position in Electrameccanica Vehicles by 45.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 46,770 shares of the company's stock valued at $101,000 after buying an additional 14,680 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Electrameccanica Vehicles by 13,363.5% in the 1st quarter. Bank of America Corp DE now owns 427,600 shares of the company's stock valued at $928,000 after buying an additional 424,424 shares in the last quarter. Institutional investors own 10.87% of the company's stock.

Electrameccanica Vehicles Stock Up 0.8 %

Shares of SOLO opened at $1.21 on Friday. The firm has a 50-day moving average price of $1.20 and a 200 day moving average price of $1.40. The firm has a market capitalization of $143.52 million, a PE ratio of -1.86 and a beta of 2.22. Electrameccanica Vehicles Corp. has a 52-week low of $1.01 and a 52-week high of $3.53.

Electrameccanica Vehicles Company Profile

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.

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