Broadly speaking, U.S. companies remain devoted buyers of their own shares. New data from S&P Dow Jones Indices confirms that 2024 buybacks among members of the S&P 500 surged 18.5% on a year-over-year basis. That included a 7.4% jump in the fourth quarter. Count the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM) among ETFs highly levered to the theme of rising share repurchases. Importantly, that trend is showing signs of extending into the current quarter.