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REIT ETFs Become Buyback Beneficiaries

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First Trust S&P REIT Index Fund ETF ETF:FRI, Brandywine Realty Trust NYSE:BDN - REIT ETFs Become Buyback Beneficiaries

Share repurchases by S&P 500 companies declined during the second quarter from first-quarter levels.

In the second quarter, share repurchases by S&P 500 member firms slid 8.7 percent to $131.6 billion, down from the $144.9 billion posted in Q1 2015, according to S&P Dow Jones Indices.

The silver lining: On a year-over-year basis, share repurchases increased 13.2 percent over the $116.2 billion reported during the second quarter of 2014, said S&P Dow Jones.

REITs Join In Buybacks

The technology and consumer discretionary sectors remained buyback leaders in the prior quarter, but real estate investment trusts (REITs), many of which are sporting...