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 Video: What is a Stock Split?
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| iShares Morningstar Small-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 Small Core Index (the Core Index). The Core Index measures the performance of stocks issued by small-capitalization companies that have exhibited average growth and value characteristics as determined by Morningstar Inc.'s index methodology. As of Apr 30 2015, the Fund's total assets and investment portfolio totaled $255,981,231 and $255,878,181, respectively. According to our ISCB split history records, iShares Trust - Morningstar Small Cap ETF has had 2 splits. | |
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iShares Trust - Morningstar Small Cap ETF (ISCB) has 2 splits in our ISCB split history database. The first split for ISCB took place on November 05, 1996. This was a 15 for 1 split, meaning for each share of ISCB owned pre-split, the shareholder now owned 15 shares. For example, a 1000 share position pre-split, became a 15000 share position following the split. ISCB's second split took place on April 19, 2021. This was a 4 for 1 split, meaning for each share of ISCB owned pre-split, the shareholder now owned 4 shares. For example, a 15000 share position pre-split, became a 60000 share position following the split.
When a company such as iShares Trust - Morningstar Small 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 ISCB split history from start to finish, an original position size of 1000 shares would have turned into 60000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - Morningstar Small Cap ETF shares, starting with a $10,000 purchase of ISCB, presented on a split-history-adjusted basis factoring in the complete ISCB split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$33.02 |
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| End price/share: |
$51.74 |
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| Starting shares: |
302.85 |
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| Ending shares: |
350.29 |
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| Dividends reinvested/share: |
$6.17 |
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| Total return: |
81.24% |
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| Average Annual Total Return: |
6.13% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$18,129.33 |
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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: |
04/22/2014 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$33.02 |
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| End price/share: |
$51.74 |
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| Dividends collected/share: |
$6.17 |
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| Total return: |
75.38% |
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| Average Annual Total Return: |
5.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,540.24 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/05/1996 | 15 for 1 | | 04/19/2021 | 4 for 1 |
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