Investment management

Charles Schwab Investment Management Inc. Decreases Position in MercadoLibre, Inc. (NASDAQ:MELI)

Charles Schwab Investment Management Inc. has disclosed its stock holdings in MercadoLibre, Inc. (NASDAQ:MELI), revealing a decrease of 3.6% in its position during the third quarter. Other hedge funds have also made significant changes to their positions in MercadoLibre, with institutional investors and hedge funds owning 80.01% of the stock. MercadoLibre’s stock saw a 1.1% increase, opening at $1,612.75 on Friday, with financial indicators including a debt-to-equity ratio of 0.72, a market capitalization of $81.77 billion, and a price-to-earnings ratio of 82.54.

Retiring Vanguard CEO Shunned Bitcoin ETFs

Retiring CEO of Giant Asset Manager Vanguard shunned Bitcoin ETFs, sparking speculation about the company’s future stance on cryptocurrency under new leadership. Despite the rise of Bitcoin ETFs, Vanguard’s S&P 500 Index ETF has outperformed in attracting new investments, indicating the company may not need to change its approach.