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Apple And IBM Enter The PowerShares Buyback ETF

When investors look at exchange-traded funds, there are a number of choices out there. You can buy an index ETF like the SPDR S&P 500 (SPY), a sector ETF like the Energy Select Sector SPDR (XLE), or even a country fund like the iShares MSCI Germany (EWG). There are certainly ETFs for everyone, and there are even many specialty ones. One of my favorite ETFs is the PowerShares Buyback Achievers Portfolio ETF (PKW), an exchange-traded fund that buys stock in companies that are buying back stock, and lots of it. I've written about this ETF a couple of times, and today I'm here to write about it again.

My first article on PKW was in regards to a major shakeup that could come involving technology giant Apple (AAPL). As many investors know, Apple has an extremely large share repurchase plan in place. Well, PKW has just done its annual reconstitution,… Read More …