|Bid||68.74 x 1100|
|Ask||68.76 x 1400|
|Day's Range||68.56 - 70.14|
|52 Week Range||55.97 - 70.70|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||1.52%|
|Beta (5Y Monthly)||1.17|
|Expense Ratio (net)||0.62%|
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.
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.