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The Benefits Of A Buyback ETF

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PowerShares Buyback Achievers ETF ETF:PKW, Apple Inc. NASDAQ:AAPL - The Benefits Of A Buyback ETF

Earlier this month, Goldman Sachs said corporate buybacks are, at the moment, the only source of demand for U.S. stocks.

That is not a bullish statement, but S&P 500 companies remain enthused by their own shares. In the fourth quarter, measured as November through January, share repurchases rose 5.2 percent to $136.6 billion on a year-over-year basis, according to FactSet. The research firm notes that last year, there were 70 activist-driven buyback campaigns, the highest total in a decade.

A Look At PKW

Investors looking to participate in the buyback binge have some exchange-traded funds to choose from, including the PowerShares BuyBack Achievers Fund (ETF) PKW 0.39%. The $1.68 billion PKW is...