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Video: What is a Stock Split?
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iShares 2016 S&P AMT-Free Municipal Series is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P AMT-Free Municipal Series 2016 Index (the 2016 Index). The 2016 Index measures the performance of investment-grade U.S. municipal bonds maturing in 2016. The 2016 Fund invests in a representative sample of the securities included in the 2016 Index that collectively has an investment profile similar to the 2016 Index. As of Mar 31 2015, the Fund's total assets were $127,972,829 and the Fund's investment portfolio was valued at $126,704,726. According to our IBME split history records, IBME has had 1 split. | |
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IBME (IBME) has 1 split in our IBME split history database. The split for IBME took place on May 21, 2015. This was a 2 for 1 split, meaning for each share of IBME 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 IBME 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 IBME 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 IBME shares, starting with a $10,000 purchase of IBME, presented on a split-history-adjusted basis factoring in the complete IBME split history.
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Date |
Ratio |
05/21/2015 | 2 for 1 |
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