Play Buybacks With This ETF Should buybacks continue, investors can play stock buybacks with one ETF: the Invesco BuyBack Achievers ETF (PKW). "U.S. stock buybacks appear to be hitting new records as companies head into quarterly earnings season, even as some investors worry about the growing threat of inflation, a potential recession and stagnant share prices," Reuters says. "Investors are broadly worried about inflation and the threat of a recession on corporate outlooks, which could sour the willingness of companies to return money to shareholders in the form of big buybacks and dividends," Reuters adds.