Shares of NIO Inc. (NYSE:NIO – Get Free Report) were down 2.2% on Wednesday . Weiss Ratings reissued a “sell (e+)” rating on shares of NIO in a research report on Wednesday, July 29th. Franklin Resources Inc. now owns 17,707 shares of the company’s stock valued at $61,000 after buying an additional 5,974 shares during the last quarter. Invesco Ltd. now owns 2,738,308 shares of the company’s stock valued at $9,392,000 after buying an additional 506,618 shares during the last quarter. First Trust Advisors LP now owns 73,280 shares of the company’s stock valued at $251,000 after acquiring an additional 29,501 shares during the period.