Shares Of FXCM Rise As William Blair Reports Stake

February 05, 2015 10:05am Comments

Shares of FXCM Inc (NYSE: FXCM) were trading higher by more than 4 percent Thursday morning after William Blair & Company disclosed it has taken a stake in the firm.

According to a Schedule 13G filing, which was released on Wednesday, William Blair acquired just over 5.5 million shares of FXCM, representing an 11.69 percent stake in the firm.

Shares of FXCM recently traded at $2.34, up 2.6 percent.

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