Shares Of FXCM Rise As William Blair Reports Stake

Shares of

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

, 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.