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 Video: What is a Stock Split?
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| The iShares MSCI South Africa ETF (the “Fund”) seeks to track the investment results of an index composed of South African equities, as represented by the MSCI South Africa Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index. As of Aug 31 2015, the Fund's total assets were $377,081,976 and the Fund's investment portfolio was valued at $373,184,660. According to our EZA split history records, iShares - iShares MSCI South Africa ETF has had 1 split. | |
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iShares - iShares MSCI South Africa ETF (EZA) has 1 split in our EZA split history database. The split for EZA took place on July 24, 2008. This was a 2 for 1 split, meaning for each share of EZA owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as iShares - iShares MSCI South Africa ETF 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 EZA split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares - iShares MSCI South Africa ETF shares, starting with a $10,000 purchase of EZA, presented on a split-history-adjusted basis factoring in the complete EZA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/03/2024 |
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| Start price/share: |
$64.38 |
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| End price/share: |
$49.76 |
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| Starting shares: |
155.33 |
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| Ending shares: |
235.22 |
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| Dividends reinvested/share: |
$20.23 |
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| Total return: |
17.05% |
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| Average Annual Total Return: |
1.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,708.22 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/07/2014 |
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| End date: |
10/03/2024 |
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| Start price/share: |
$64.38 |
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| End price/share: |
$49.76 |
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| Dividends collected/share: |
$20.23 |
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| Total return: |
8.71% |
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| Average Annual Total Return: |
0.84% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,872.22 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/24/2008 | 2 for 1 |
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