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Powershares Buyback Achievers Portfolio ETF (PKW) |
QUOTE AND NEWS
Disciplined Approach to Investing
Oct 1
Comment
It has been some time since I last reported on the performance of companies that buyback their own equity shares. With a number of companies sitting on large amounts of cash and announcing share buybacks, including Berkshire Hathaway (BRK.A), one...
Forbes
Jun 23
Comment
PowerShares Buyback Achievers (PKW) is the “most attractive” ETF out of the 375+ ETFs we rank according to our predictive rating system.
TheStreet.com
Dec 16
Comment
The PowerShares Buyback Achievers Portfolio tracks the buyback performance of U.S. companies.
naked capitalism
Oct 14
Comment
A piece in Seeking Alpha, "Buybacks: A Wolf In Sheep's Clothing," by Matthew Hougan at Index Universe, does a nice job of debunking the myth that stock buybacks are a positive indicator for price performance. I've always had trouble with the logic...
Index Universe
Oct 10
Comment
Buybacks are supposed to make us feel all warm and fluffy about companies. "See?" we are supposed to think. "Management believes in the stock." But why are the companies doing these buybacks underperforming the market?
The chart below...
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more ▼WIKI ANALYSIS
WIKI ANALYSIS
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This article describes an exchange traded fund that tracks an index, commodity, currency, or varied basket of securites. View articles referencing this fund. |
TOP CONTRIBUTORS
Powershares Buyback Achievers Portfolio ETF (PKW)
Overview
The PowerShares Buyback Achiever Portfolio (Fund) is based on the Share BuyBack Achievers™ Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a U.S. exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund is rebalanced quarterly and reconstituted annually. [1]
Fund Information
- Fund Manager - Invesco PowerShares
- Inception Date - 12/20/2006
- Exchange – NYSE Arca
- Index Ticker – PKW
- Intra-day NAV Ticker – PKW.IV
- Expense Ratio - 0.60%
Top Holdings
| Holdings | % of Portfolio |
| ConocoPhillips | 4.99% |
| Exxon Mobil Corp. | 4.66% |
| McDonald\'s Corp. | 4.40% |
| United Parcel Service Inc. (Cl B) | 3.59% |
| Comcast Corp. (Cl A) | 2.84% |
| Kraft Foods Inc. | 2.55% |
| Boeing Co. | 2.38% |
| Target Corp. | 2.36% |
| Caterpillar Inc. | 2.35% |
| UnitedHealth Group Inc. | 2.12% |
Holdings as of 16/11/2009
References
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