From Nasdaq:



In the third quarter of 2023, S&P 500 companies reported $185.6 billion in share buybacks, representing a 6.1% increase from the previous quarter, but a 12% decrease from the previous year. A total of 281 companies reported buybacks of at least $5 million for the quarter. While buybacks were down from the previous quarter and year, they were still notable, especially in the technology sector. Apple, Microsoft, and Nvidia were among the top five buyers of their own shares, with many members of the Invesco QQQ Trust (QQQ) and Invesco NASDAQ 100 ETF (QQQM) generating significant free cash flow that can be used to finance buybacks. The ongoing budget discussions and government income quest may impact the 1% buyback tax. The ETFs, QQQ and QQQM, are cited as credible options for investors looking to access baskets of buyback-committed companies.



Original: Bevy of Opportunities for Buybacks Found in These ETFs