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Video: What is a Stock Split?
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SPDR Nuveen S&P High Yield Municipal Bond is an open-end investment management company. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks the U.S. high yield municipal bond market and to provide income that is exempt from federal income taxes. In seeking this objective, the Fund uses a sampling strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $395,318,631 and $378,228,569, respectively. According to our HYMB split history records, SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF has had 1 split. | |
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SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) has 1 split in our HYMB split history database. The split for HYMB took place on January 12, 2023. This was a 2 for 1 split, meaning for each share of HYMB 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 SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond 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 HYMB 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 SPDR Series Trust - SPDR Nuveen Bloomberg High Yield Municipal Bond ETF shares, starting with a $10,000 purchase of HYMB, presented on a split-history-adjusted basis factoring in the complete HYMB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$27.62 |
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End price/share: |
$25.14 |
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Starting shares: |
362.06 |
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Ending shares: |
537.01 |
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Dividends reinvested/share: |
$10.99 |
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Total return: |
35.00% |
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Average Annual Total Return: |
3.05% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,503.43 |
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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: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$27.62 |
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End price/share: |
$25.14 |
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Dividends collected/share: |
$10.99 |
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Total return: |
30.81% |
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Average Annual Total Return: |
2.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$13,077.30 |
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Years: |
10.00 |
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Date |
Ratio |
01/12/2023 | 2 for 1 |
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