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 Video: What is a Stock Split?
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| iShares Morningstar Mid-Cap is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the Morningstar Mid Core Index (the Core Index). The Core Index measures the performance of stocks issued by mid-capitalization companies that have exhibited average growth and value characteristics as determined by Morningstar's index methodology. As of Apr 30 2015, the Fund's total assets were $547,016,752 and the Fund's investment portfolio was valued at $546,709,945. According to our IMCB split history records, iShares Trust - Morningstar Mid Cap ETF has had 8 splits. | |
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iShares Trust - Morningstar Mid Cap ETF (IMCB) has 8 splits in our IMCB split history database. The first split for IMCB took place on January 22, 2001. This was a 11 for 10 split, meaning for each 10 shares of IMCB owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. IMCB's second split took place on February 13, 2002. This was a 11 for 10 split, meaning for each 10 shares of IMCB owned pre-split, the shareholder now owned 11 shares. For example, a 1100 share position pre-split, became a 1210 share position following the split. IMCB's third split took place on July 29, 2003. This was a 11 for 10 split, meaning for each 10 shares of IMCB owned pre-split, the shareholder now owned 11 shares. For example, a 1210 share position pre-split, became a 1331 share position following the split. IMCB's 4th split took place on December 30, 2003. This was a 2 for 1 split, meaning for each share of IMCB owned pre-split, the shareholder now owned 2 shares. For example, a 1331 share position pre-split, became a 2662 share position following the split. IMCB's 5th split took place on March 16, 2005. This was a 3 for 2 split, meaning for each 2 shares of IMCB owned pre-split, the shareholder now owned 3 shares. For example, a 2662 share position pre-split, became a 3993 share position following the split. IMCB's 6th split took place on May 11, 2006. This was a 11 for 10 split, meaning for each 10 shares of IMCB owned pre-split, the shareholder now owned 11 shares. For example, a 3993 share position pre-split, became a 4392.3 share position following the split. IMCB's 7th split took place on May 11, 2007. This was a 11 for 10 split, meaning for each 10 shares of IMCB owned pre-split, the shareholder now owned 11 shares. For example, a 4392.3 share position pre-split, became a 4831.53 share position following the split. IMCB's 8th split took place on April 19, 2021. This was a 4 for 1 split, meaning for each share of IMCB owned pre-split, the shareholder now owned 4 shares. For example, a 4831.53 share position pre-split, became a 19326.12 share position following the split.
When a company such as iShares Trust - Morningstar Mid Cap 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 IMCB split history from start to finish, an original position size of 1000 shares would have turned into 19326.12 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - Morningstar Mid Cap ETF shares, starting with a $10,000 purchase of IMCB, presented on a split-history-adjusted basis factoring in the complete IMCB 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: |
$33.21 |
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| End price/share: |
$69.81 |
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| Starting shares: |
301.11 |
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| Ending shares: |
350.31 |
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| Dividends reinvested/share: |
$7.38 |
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| Total return: |
144.55% |
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| Average Annual Total Return: |
9.35% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,444.88 |
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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: |
$33.21 |
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| End price/share: |
$69.81 |
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| Dividends collected/share: |
$7.38 |
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| Total return: |
132.43% |
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| Average Annual Total Return: |
8.80% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$23,242.83 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 01/22/2001 | 11 for 10 | | 02/13/2002 | 11 for 10 | | 07/29/2003 | 11 for 10 | | 12/30/2003 | 2 for 1 | | 03/16/2005 | 3 for 2 | | 05/11/2006 | 11 for 10 | | 05/11/2007 | 11 for 10 | | 04/19/2021 | 4 for 1 |
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