Interactive Brokers (IBKR) is a global electronic broker that specializes in executing and processing trades for individuals, institutions, and financial advisors. With over 1.2 million accounts and $330 billion in customer equity, IBKR is a leading player in the online brokerage industry.
Thrivent Financial for Lutherans increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Rating) by 127.1% in the fourth quarter. The institutional investor now owns 9,132 shares of the financial services provider's stock valued at $1,064,000 after acquiring an additional 5,118 shares during the period.
Interactive Brokers is lower-cost than many brokerage firms -- especially for margin trading. It also offers some rare features, such as the ability to trade on more than 120 markets worldwide, access to research from 100 providers, and the ability to lend and borrow securities.