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Video: What is a Stock Split?
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SPDR Barclays Capital Intermediate Term Corporate 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 intermediate term (1-10 years) sector of the United States corporate bond market. In seeking this objective, the Fund uses a sampling strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $769,490,828 and $759,021,251, respectively. According to our ITR split history records, ITR has had 1 split. | |
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ITR (ITR) has 1 split in our ITR split history database. The split for ITR took place on July 08, 1998. This was a 1 for 4
reverse split, meaning for each 4
shares of ITR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as ITR conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ITR split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ITR shares, starting with a $10,000 purchase of ITR, presented on a split-history-adjusted basis factoring in the complete ITR split history.
No data found |
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Date |
Ratio |
07/08/1998 | 1 for 4
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