SPDR S&P 500 Buyback ETF (SPYB)
SPDR S&P 500 Buyback ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $28.20, up 0.02% on the session, giving a market capitalisation of $1.5M. Its beta of 2.06 implies it has historically moved more than the broad market.
This investment vehicle aims to deliver returns that generally align with the total performance of the S&P 500 Buyback Index, prior to accounting for fees and expenses. This index specifically tracks publicly traded companies that exhibit a high ratio of share repurchases. The fund typically allocates a substantial portion, at minimum 80%, of its total assets to the underlying securities within this index. The S&P 500 Buyback Index identifies the 100 S&P 500® companies with the highest buyback ratios observed over the previous twelve months. Investors should be aware that the fund is non-diversified.