Sara-Bay Financial Increases Stake in MercadoLibre by $12 Million
Sara-Bay Financial significantly increased its position in MercadoLibre by acquiring 6,288 shares valued at approximately $12.13 million. The move reflects a 3.65% increase in the firm's 13F reportable assets under management, with the stake now representing 3.36% of AUM. The investment comes as MercadoLibre's stock has underperformed the S&P 500 over the past year.
Topics: MercadoLibre portfolio changes Sara-Bay Financial SEC filings