In order, Apple, Exxon Mobil (NYSE: XOM), IBM, AT&T (NYSE: T) and Pfizer (NYSE: PFE) were the largest share repurchasers last year, according to S&P Dow Jones Indices. Only AT&T and Pfizer appear in PKW because the others did not repurchase at least 5% of shares outstanding over the trailing 12 months, the qualifier for admission to the ETF. Those two stocks combine nearly 10% of PKW’s weight.
Of the 20 largest share repurchasers in 2013, just three – AT&T, Pfizer and Oracle (NYSE: ORCL) – reside in PKW. SYLD holds six. TTFS holds five.
Top 20 Q4 2013 Share Repurchases
Chart Courtesy: S&P Dow Jones Indices
Tom Lydon’s clients own shares of Apple, Pfizer and TTFS.