LONDON – In a series of transactions, Vanguard Funds PLC and Global X ETFs ICAV repurchased shares, as explained in a recent press release. The acquisition, which took place on November 25 and 26, 2024, involved various funds under the management of both organizations.
Vanguard Funds PLC has entered into multiple repurchase agreements involving significant amounts of shares. One notable transaction included the repurchase of 103,462,603 shares, at a minimum of 50,000 shares, leaving an outstanding balance of 103,412,603 shares. Other repurchases by Vanguard Funds PLC went from 2,007 shares to 130,000 shares, affecting the remaining balances of its funds accordingly.
Similarly, Global X ETFs ICAV also did a share repurchase on November 26, 2024. The company repurchased 540,000 shares with a shortfall of 50,000, resulting in an outstanding balance of 490,000 shares. Other transactions involved the repurchase of 730,000 shares at a discount of 310,000, leaving 420,000 shares outstanding.
Invesco Markets II PLC joined the repurchase activity with a few transactions on November 27, 2024. The company repurchased 67,799 shares, marking 14,000 shares and leaving the remaining balance of 53,799 shares. In another transaction, Invesco repurchased 20,416,658 shares, with a decrease of 65,335 shares, resulting in a remaining balance of 20,351,323 shares.
These repurchases reflect the normal financial activities that investment funds perform to manage their portfolios and shareholdings. Share repurchases can have various effects, including potential effects on the net asset value of the funds and the supply of shares in the market.
Information regarding these transactions is based on press release statements and does not reflect broad market trends or the positions of the companies involved.
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