Microsoft (MSFT) stock by about a third, and initiated a relatively nominal stake in Chinese electric-vehicle maker Nio (NIO) in the fourth quarter. The firm disclosed the trades in a form it filed with the Securities and Exchange Commission. Hexavest, which is 49%-owned by Eaton Vance (EV), didn’t respond to a request for comment on the stock trades. In November, Eaton Vance noted in its fiscal-fourth-quarter report that net outflows at Hexavest surged to $6.2 billion for the fiscal year ended Oct. 31, compared with $1.6 billion the previous year. Hexavest’s managed assets have shrunk to $5.8 billion at Oct. 31 from $13.4 billion a year earlier.