Buyback Activity Jumped in Fourth Quarter

The Inflation Reduction Act contained a controversial though bipartisan provision that applied a 1% levy to companies’ share repurchase activities. However, data indicate that tax isn’t yet hurting stock buybacks. That could be good news for the Invesco BuyBack Achievers ETF (PKW), an exchange traded fund dedicated to shares of firms that are significantly reducing [...] The post Buyback Activity Jumped in Fourth Quarter appeared first on ETF Trends .