Minyi Chen, Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS) provides color and analysis to the recent S&P Data released on Q2 ‘14 buybacks.
Buybacks dominance: Highlights of the data
- Q2,’14 buybacks decreased 1.6% to $116.2B from Q2,’13 $118.1B
- 23% of companies reduced their shares used for EPS by at least 4%, and increased their earnings-per-share by at least 4%
- Information Technology maintained its dominance of buybacks (with Apple inc. (NASDAQ:AAPL) as the poster child)
- Companies continue to increase their total shareholders’ returns through buybacks and cash dividends: Q2 was down from Q1, but the 12-month $865.9 billion ($533.B in buybacks, $332.9B in dividends) set a record
- Given the continuing Bull market (average daily price up 3.9% for Q3), which is putting more...
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