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 Video: What is a Stock Split?
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| iShares S&P Global Energy Sector Index Fund 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 Global Energy Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index, and measures the performance of companies that S&P deems to be part of the energy sector of the economy. Component companies include oil equipment and services, oil exploration and production, and oil refinery, oil storage and transportation, and coal and uranium mining companies. As of Mar 31 2015, the Fund's total assets and investment portfolio totaled $1,077,053,070 and $1,073,506,403, respectively. According to our IXC split history records, iShares Trust - iShares Global Energy ETF has had 1 split. | |
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iShares Trust - iShares Global Energy ETF (IXC) has 1 split in our IXC split history database. The split for IXC took place on July 24, 2008. This was a 3 for 1 split, meaning for each share of IXC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as iShares Trust - iShares Global Energy 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 IXC split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - iShares Global Energy ETF shares, starting with a $10,000 purchase of IXC, presented on a split-history-adjusted basis factoring in the complete IXC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$39.81 |
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| End price/share: |
$36.86 |
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| Starting shares: |
251.19 |
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| Ending shares: |
368.49 |
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| Dividends reinvested/share: |
$12.46 |
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| Total return: |
35.82% |
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| Average Annual Total Return: |
3.11% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,579.96 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/02/2013 |
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| End date: |
03/28/2023 |
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| Start price/share: |
$39.81 |
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| End price/share: |
$36.86 |
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| Dividends collected/share: |
$12.46 |
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| Total return: |
23.89% |
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| Average Annual Total Return: |
2.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,392.45 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 07/24/2008 | 3 for 1 |
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