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 Video: What is a Stock Split?
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| iShares Silver Trust is a grantor trust. Co. is engaged in owning silver transferred to it in exchange for shares issued by Co. (Shares). The sponsor of Co. is iShares Delaware Trust Sponsor LLC (the Sponsor). The trustee of Co. is The Bank of New York Mellon and the custodian of Co. is JPMorgan Chase Bank N.A. (the Custodian). The activities of the Trust are limited to issuing Baskets in exchange for the silver deposited with the Custodian as consideration, selling silver as necessary to cover the Sponsor's fee, Co. expenses not assumed by the Sponsor and other liabilities, and delivering silver in exchange for Baskets surrendered for redemption. According to our SLV split history records, Ishares Silver Trust has had 1 split. | |
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Ishares Silver Trust (SLV) has 1 split in our SLV split history database. The split for SLV took place on July 24, 2008. This was a 10 for 1 split, meaning for each share of SLV owned pre-split, the shareholder now owned 10 shares. For example, a 1000 share position pre-split, became a 10000 share position following the split.
When a company such as Ishares Silver Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SLV split history from start to finish, an original position size of 1000 shares would have turned into 10000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ishares Silver Trust shares, starting with a $10,000 purchase of SLV, presented on a split-history-adjusted basis factoring in the complete SLV split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/25/2014 |
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| End date: |
04/23/2024 |
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| Start price/share: |
$18.94 |
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| End price/share: |
$24.99 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
31.94% |
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| Average Annual Total Return: |
2.81% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,194.31 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/24/2008 | 10 for 1 |
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