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Video: What is a Stock Split?
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iShares North American Tech-Software 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 North American Technology Software Index (the Underlying Index). The Underlying Index includes companies that are producers of client/server applications, enterprise software, application software, personal computers and home entertainment software. As of July 31 2015, the Fund's total assets were $1,173,852,495 and the Fund's investment portfolio was valued at $1,173,839,255. According to our IGV split history records, Ishares Expanded Tech-software Sector Etf has had 1 split. | |
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Ishares Expanded Tech-software Sector Etf (IGV) has 1 split in our IGV split history database. The split for IGV took place on March 07, 2024. This was a 5 for 1 split, meaning for each share of IGV owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split.
When a company such as Ishares Expanded Tech-software Sector 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 IGV split history from start to finish, an original position size of 1000 shares would have turned into 5000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Ishares Expanded Tech-software Sector Etf shares, starting with a $10,000 purchase of IGV, presented on a split-history-adjusted basis factoring in the complete IGV 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: |
04/26/2024 |
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Start price/share: |
$15.70 |
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End price/share: |
$81.09 |
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Starting shares: |
636.94 |
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Ending shares: |
651.39 |
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Dividends reinvested/share: |
$0.61 |
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Total return: |
428.21% |
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Average Annual Total Return: |
18.11% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$52,828.31 |
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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: |
04/26/2024 |
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Start price/share: |
$15.70 |
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End price/share: |
$81.09 |
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Dividends collected/share: |
$0.61 |
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Total return: |
420.40% |
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Average Annual Total Return: |
17.93% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$52,028.70 |
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Years: |
10.00 |
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Date |
Ratio |
03/07/2024 | 5 for 1 |
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