According to the ETF Finder at ETF Channel, FCF makes up 1.67% of the KBW Regional Bank Portfolio ETF ( AMEX: KBWR )which is trading relatively unchanged on the day Tuesday.
We expect SIRI to utilize FCF and an under-levered balance sheet (in accommodative fixed income markets) to aggressively repurchase shares, shrinking share count by 20% through 2015 and 45% over the next ten years.