Fidelity Management and Research LLC (FMR LLC), a division of American multinational financial services corporation Fidelity Investments, has relinquished further shares in FXCM Inc (NYSE:FXCM), as reported by a filing with the US Securities and Exchange Commission.
This transaction, which was recorded on February 9 according to the SEC filing, signifies a reduction in the stake held by FMR LLC to 673,450 units of class A common stock, which equates to 1.427%,
FMR LLC had been one of the major shareholders of FXCM, the company having owned 3,373,812 shares in FXCM as of September 30, 2014, representing 7.15% of the company’s stock.
FMR LLC has made reductions in its stake during the course of the last year, a notable transaction having been in February 2014 when the company reduced its stake from 14.223% by selling 6,187,877 shares in the company.
For the official SEC filing, click here.