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 Video: What is a Stock Split?
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| PowerShares Dynamic OTC Portfolio (the Fund) is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of the Dynamic OTC Intellidex Index (the Index). The Index consists of the United States stocks from each sector identified as having the greatest capital appreciation pursuant to Amex Intellidex Methodology. The Index evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. As of Apr 30 2013, the Fund's total assets were $22,245,096 and the Fund's investment portfolio was valued at $22,237,851. According to our DWAQ split history records, DWAQ has had 1 split. | |
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DWAQ (DWAQ) has 1 split in our DWAQ split history database. The split for DWAQ took place on July 21, 2003. This was a 4 for 1 split, meaning for each share of DWAQ owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split.
When a company such as DWAQ 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 DWAQ split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into DWAQ shares, starting with a $10,000 purchase of DWAQ, presented on a split-history-adjusted basis factoring in the complete DWAQ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
06/14/2016 |
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| End date: |
02/14/2020 |
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| Start price/share: |
$71.57 |
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| End price/share: |
$137.06 |
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| Starting shares: |
139.72 |
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| Ending shares: |
140.12 |
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| Dividends reinvested/share: |
$0.23 |
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| Total return: |
92.05% |
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| Average Annual Total Return: |
19.45% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,202.97 |
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| Years: |
3.67 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
06/14/2016 |
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| End date: |
02/14/2020 |
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| Start price/share: |
$71.57 |
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| End price/share: |
$137.06 |
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| Dividends collected/share: |
$0.23 |
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| Total return: |
91.83% |
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| Average Annual Total Return: |
19.42% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,185.27 |
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| Years: |
3.67 |
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| Date |
Ratio |
| 07/21/2003 | 4 for 1 |
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