Allianz Global Investors raises stake in IG Group again

One more transaction in shares in IG Group Holdings plc (LON:IGG) was announced today, as Allianz Global Investors GmbH has once again hiked the size of its holding in the UK-based spread betting and CFD broker.

The Germany-based investment manager purchased 417,300 shares in IG Group in a transaction that took place on July 7, 2015. As a result, Allianz Global Investors now holds a total of 18,650,710 shares in the broker, which translates into 5.09% of the voting rights.

The latest transaction was conducted only a day after the investment manager sold 250,000 ordinary shares in IG Group, taking its stake below 5%. After the deal on July 7, 2015, however, the threshold of 5% is crossed again, as Allianz is hiking its holding in IG.

IG Group’s shares have been enjoying a solid day of trading so far. At the moment of publication of this article, one share in IG is trading per 778.5p, up 1.63% from Thursday’s market close.


Chart source: Google Finance.

To view the regulatory filing about the latest transaction in IG shares, click here.

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