|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||67.14 - 67.95|
|52 Week Range||67.10 - 71.40|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
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 ...
BETHESDA, Md., Oct. 10, 2018 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that DoubleLine Equity LP will assume sub-advisor responsibilities of the AdvisorShares Wilshire Buyback ETF (NYSE Arca: TTFS) on October 11, 2018. On that date, the fund will be renamed the AdvisorShares DoubleLine Value Equity ETF and will change its ticker symbol to DBLV. The managers of DBLV seek to deliver capital appreciation and attractive risk-adjusted returns over full market cycles by investing in classic value opportunities in companies with temporarily depressed earnings and in quality value opportunities in durable franchises or disruptor franchises.
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.