50% Off! Beat the market in 2025 with InvestingProCLAIM SALE

Legal & General, Invesco, and Vanguard ETFs conduct significant repurchases

Published 12/09/2024, 12:07 PM

LONDON - In a series of transactions that spanned the end of November and the first week of December, Legal & General (LON:LGEN) UCITS ETF PLC, Invesco Markets II PLC, and Vanguard Funds PLC conducted significant repurchases of their shares, according to a press release statement.

The repurchases, which are a common financial maneuver used by companies to buy back their own shares from the marketplace, took place between November 26, 2024, and December 4, 2024. The transactions involved various ETF shares with the markdown amounts and remaining balances detailed for each repurchase.

Legal & General UCITS ETF PLC executed multiple repurchases across several of its funds, with notable transactions including the repurchase of 80,000 shares of IE00BMW3QX54 on November 26, leaving a remaining balance of 30,473,616.00 shares, and the repurchase of 250,000 shares of IE00BMYDM794 on December 4, with a new remaining balance of 83,031,206.00 shares.

Invesco Markets II PLC also repurchased shares of its funds, including a transaction on December 4, where 54,934 shares of IE000UJC4MR1 were repurchased, leaving 4,346,968.00 shares remaining.

Vanguard Funds PLC's repurchase activity included buying back 420,000 shares of IE00B3XXRP09 on December 3, which left a balance of 400,213,096.00 shares.

The repurchases by these ETF providers reflect a strategic decision to manage their funds' capital structures and shareholder value. While the reasons for the repurchases were not disclosed, such actions can often be used to increase the value of remaining shares or to return capital to investors.

The press release statement from Bank of New York Mellon (NYSE:BK) provides the source of these transactions, ensuring transparency in the reporting of these financial activities. The statement did not endorse the actions taken by the ETF providers nor provided any analysis of the potential impact on the market or the companies' future performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.