In the first quarter, S&P 500 member firms repurchased $236.8 billion worth of their own shares. This marks a nearly 10% increase on a YoY basis. That implies the 1% excise tax on net buybacks hasn’t been a major detriment to this form of shareholder reward. Likewise, it can also be argued that S&P-500-tracking ETFs derive [...] The post Buybacks Leaders Reside in These ETFs appeared first on ETF Trends .