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Video: What is a Stock Split?
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First Trust Energy Infrastructure Fund is a closed-end management investment company. The Fund's investment objective is to seek a high level of total return with a focus on current distributions paid to shareholders. The Fund pursues its investment objective by investing primarily in securities of companies engaged in the energy infrastructure sector. According to our FIF split history records, First Trust Energy Infrastructure Fund has had 3 splits. | |
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First Trust Energy Infrastructure Fund (FIF) has 3 splits in our FIF split history database. The first split for FIF took place on January 31, 1996. This was a 3 for 2
split, meaning for each 2
shares of FIF owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. FIF's second split took place on July 31, 1997. This was a 3 for 2
split, meaning for each 2
shares of FIF owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. FIF's third split took place on February 01, 2006. This was a 3 for 2 split, meaning for each 2 shares of FIF owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split.
When a company such as First Trust Energy Infrastructure Fund 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 FIF split history from start to finish, an original position size of 1000 shares would have turned into 3375 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into First Trust Energy Infrastructure Fund shares, starting with a $10,000 purchase of FIF, presented on a split-history-adjusted basis factoring in the complete FIF split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/04/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$23.56 |
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End price/share: |
$18.10 |
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Starting shares: |
424.45 |
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Ending shares: |
870.33 |
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Dividends reinvested/share: |
$11.25 |
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Total return: |
57.53% |
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Average Annual Total Return: |
4.90% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,752.11 |
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Years: |
9.50 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/04/2014 |
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End date: |
05/03/2024 |
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Start price/share: |
$23.56 |
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End price/share: |
$18.10 |
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Dividends collected/share: |
$11.25 |
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Total return: |
24.59% |
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Average Annual Total Return: |
2.34% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,457.12 |
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Years: |
9.50 |
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Date |
Ratio |
01/31/1996 | 3 for 2
| 07/31/1997 | 3 for 2
| 02/01/2006 | 3 for 2 |
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