ProShares S&P 500 Buyback Aristocrats ETF (BUYB)

The ProShares S&P 500 Buyback Aristocrats ETF (BUYB) invests in companies from the S&P 500 that have consistently returned capital to shareholders by repurchasing their own stock. It follows a passive index approach that screens S&P 500 constituents for a sustained record of share buybacks.

Share repurchases reduce the number of shares outstanding, and the strategy aims to capture companies that have demonstrated a durable commitment to this form of shareholder return. Holdings are typically weighted to avoid overconcentration in any single company or sector.

BUYB is sponsored by ProShares, which also offers the related S&P 500 Dividend Aristocrats ETF, and trades on NYSE Arca.