|Bid||61.45 x 1800|
|Ask||61.48 x 1300|
|Day's Range||61.36 - 61.63|
|52 Week Range||48.95 - 63.98|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.16|
|Expense Ratio (net)||0.63%|
Share repurchase programs are under scrutiny by politicians from both parties, but that is not standing in the way of upside for exchange traded funds (ETFs) focusing on buybacks, including the Invesco ...
Buyback ETFs top the dividend growth ones of late. But things might change ahead with the saturation of benefits from the tax cuts. Therefore, investors can play these high dividend ETFs.
U.S. companies remain dedicated buyers of their own shares, a theme that while controversial in some political circles, is boosting buyback exchange traded funds (ETFs), such as the SPDR S&P 500 Buyback ...
For 2018, the S&P 500 companies returned more than $1.2 trillion to investors, buying back a record $806.4 billion in shares thanks in part to a corporate tax bonanza.
Company stock repurchases just hit its fourth consecutive quarterly record, the longest streak in at least two decades. Investors can also look to exchange traded funds that focus on the buyback strategy ...
Corporate buyback has been at the receiving end of political attack, of late. But activity is growing and driving the market in 2019, putting these ETFs in focus.
Share repurchase plans have recently drawn the ire of U.S. senators from both parties, but the Invesco Buyback Achievers ETF (PKW) is still up more than 14% this year. Despite the increased Congressional scrutiny, companies still increased share repurchases over the first quarter, potentially bolstering a smart beta ETF strategy that specifically targets companies with a history of stock buybacks. “Share repurchases do not paint a complete picture of a firm’s financial health or its attractiveness as an investment,” said Morningstar in a recent note.
Stock buybacks are a sign of strong profitability and shareholder-friendly management teams who understand that their employers may have better investment opportunities than they do. Invesco BuyBack Achievers ETF PKW has built a solid record by selecting stocks based on short-term repurchasing activity. Firms that repurchase their shares tend to be highly profitable, but there is little to suggest that past repurchasing activity is predictive of future performance after controlling for profitability.
Despite the increased Congressional scrutiny, companies still increased share repurchases over the first quarter, potentially bolstering a smart beta ETF strategy that specifically targets companies with a history of stock buybacks.
A number of U.S. companies have announced an increase in share repurchases, bolstering sentiment and exchange traded funds that focus on the share buyback strategy. In December, Facebook Inc., Mastercard Inc., Lowe’s Co s., AbbVie Inc., United Rentals Inc. and Pioneer Natural Resources Co. are among the companies that have revealed bigger or resumed share buybacks this month, the Wall Street Journal reports. S&P 500 companies spent a record amount on buybacks over the third quarter, investing roughly $200 billion back into their own company shares.
With the U.S. stock market dipping into correction territory, Corporate America could step in and buy back their own shares on the cheap, potentially bolstering ETFs that focus on the share buyback strategy. According to Goldman Sachs, the market sell-off is "overdone" and will be partially offset in part by companies returning to share repurchases as fundamentals still underpin values, CNBC reports. "The recent sell-off has priced too sharp of a near-term growth slowdown," David Kostin, Goldman's chief U.S. equity strategist, said in a note to clients.
The recent market correction is a short-term event as the earnings season should support further strength in the equity markets, especially with continued share buybacks bolstering prices. Investors can ...
Corporate America's cash infusion is being used to fuel a surge in share repurchases, bolstering ETFs that cover the buyback theme. Goldman Sachs analysts revealed that for the first time in a decade, buybacks accounted for the largest share of cash spending among S&P 500 companies, reports William Watts for MarketWatch. As more companies look to add value through share repurchases, ETF investors can also capitalize on the potential opportunity through buyback-themed ETF strategies.
Thanks to the Republican tax plan and increasing revenues, investors are seeing a bit more green in their pockets. Momentum in iPhone sales, as well as record services revenues, helped the consumer tech giant realize a big jump in operating cash flows.
U.S. companies have only just begun to repatriate more than $2 trillion cash stored abroad. As Corporate America repatriates their foreign revenue, investors turn to buyback exchange traded funds that ...