Allianz Global Investors raises stake in IG Group above 5%

IG Group Holdings plc (LON:IGG), the international expert in online trading services, is obviously attracting investors’ attention, as Germany-based Allianz Global Investors GmbH has just taken its stake in the company above 5%.

As per the latest report by IG, Allianz Global Investors bought further 244,540 shares in the broker on June 25, 2015. This took Allianz’ holding in IG to 18,483,410 shares, or 5.05%.

The current holding compares with 18,238,870 shares before the latest transaction.

IG Group’s shares had a strong day on Wednesday in terms of trading in the open market. At market close on July 1, 2015, one share in the broker traded at 757p, up 1.41% from the preceding day.


Chart source: Google Finance.

To view the official announcement by IG Group on the shares transaction, click here.

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