Buyback Seasonality Abound: How it Affects Buyback ETFs

It has been another decent though not spectacular year for exchange traded funds focused stock buybacks. The PowerShares Buyback Achievers Portfolio (NYSEArca: PKW), the king of buyback ETFs, is up 7.5% year-to-date compared to a 10.7% gain for the S&P 500. If PKW does not manage significant...