|Bid||64.17 x 1800|
|Ask||68.31 x 1100|
|Day's Range||67.55 - 67.72|
|52 Week Range||53.10 - 68.42|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.17|
|Expense Ratio (net)||0.35%|
Exchange traded funds focusing on stocks that are big buyers of their own shares, including the SPDR S&P 500 Buyback ETF (SPYB) and the Invesco Buyback Achievers ETF (PKW) , are delivering impressive showings this year. “This ends the streak of four consecutive quarters of record buybacks as Q1 2019 declined 7.7% from the Q4 2018 record of $223.0 billion. Apple Inc. (AAPL) was once again a buyback giant in the first quarter.
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.
There are dividend exchange traded funds (ETFs) and there are ETFs dedicated to stock buybacks. Some ETFs combine the best of both worlds. For instance, the ProShares S&P 500 Aristocrats ETF (CBOE: NOBL) ...
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.
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.