Buybacks Decline in First Quarter, But Overall Number Was Still Strong

Exchange traded funds focusing on stocks that are big buyers of their own shares, including the SPDR S&P 500 Buyback ETF (NYSEArca: SPYB) and the Invesco Buyback Achievers ETF (NASSDAQ: PKW), are delivering impressive showings this year. That even as share buybacks dipped a bit in the first...