Share repurchases by S&P 500 companies declined during the second quarter from first-quarter levels.
In the second quarter, share repurchases by S&P 500 member firms slid 8.7 percent to $131.6 billion, down from the $144.9 billion posted in Q1 2015, according to S&P Dow Jones Indices.
The silver lining: On a year-over-year basis, share repurchases increased 13.2 percent over the $116.2 billion reported during the second quarter of 2014, said S&P Dow Jones.
REITs Join In Buybacks
The technology and consumer discretionary sectors remained buyback leaders in the prior quarter, but real estate investment trusts (REITs), many of which are sporting compelling valuations, are getting in on the buyback game.
REITs and the ETFs that hold those stocks have been plagued this year by investors' expectations that the Federal Reserve will soon raise interest rates, but “an increasing number of REITs have instituted share ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5866108/reit-etfs-become-buyback-beneficiaries alt=REIT ETFs Become Buyback Beneficiaries>Full story available on Benzinga.com
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