LONDON - In a series of transactions, Vanguard Funds PLC and Global X ETFs ICAV have repurchased shares, as detailed in a recent press release. The buybacks, which took place on November 25 and 26, 2024, involved various funds under the management of both entities.
Vanguard Funds PLC executed multiple repurchase agreements involving significant amounts of shares. One notable transaction included the repurchase of 103,462,603 shares, with a markdown amount of 50,000 shares, leaving a remaining balance of 103,412,603 shares. Other repurchases by Vanguard Funds PLC ranged from as little as 2,007 shares to as much as 130,000 shares, affecting the remaining balances of their respective funds accordingly.
Similarly, Global X ETFs ICAV also conducted share repurchases on November 26, 2024. The firm bought back 540,000 shares with a markdown of 50,000, resulting in a remaining balance of 490,000 shares. Another transaction involved the repurchase of 730,000 shares with a markdown of 310,000, leaving 420,000 shares.
Invesco Markets II PLC joined the repurchase activity with several transactions on November 27, 2024. The company repurchased 67,799 shares, marking down 14,000 and leaving a remaining balance of 53,799 shares. In another instance, Invesco repurchased 20,416,658 shares, with a markdown of 65,335 shares, resulting in a remaining balance of 20,351,323 shares.
These repurchases reflect routine financial activities by investment funds to manage their portfolios and share counts. The repurchase of shares can have various implications, including potential impacts on the net asset value of the funds and the supply of shares in the market.
The information regarding these transactions is based on a press release statement and does not necessarily indicate broader market trends or positions of the companies involved.
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