These are companies that have bought back more than 5% of the shares in the past 12 months. Stocks go higher based on nothing more than supply and demand. If companies are buying shares back, they are reducing the amount of shares outstanding so there is more money chasing less stock.
ETF of companies that buy back shares. The strategy is working. Thinks this will continue.
Powershare Buyback Achiever ETF is a American stock, trading under the symbol PKW-Q on the NASDAQ (PKW). It is usually referred to as NASDAQ:PKW or PKW-Q
In the last year, there was no coverage of Powershare Buyback Achiever ETF published on Stockchase.
Powershare Buyback Achiever ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Powershare Buyback Achiever ETF.
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In the last year, there was no coverage of Powershare Buyback Achiever ETF published on Stockchase.
On 2024-03-28, Powershare Buyback Achiever ETF (PKW-Q) stock closed at a price of $108.27.
(Top Pick Feb 7/14, Up 13.53%) Companies that have bought back at least 5% of their stock in the last 12 months. The objective is to take a lot of stock out of the marketplace and have the same number of people wanting to own them.