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 Video: What is a Stock Split?
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| iShares New York AMT-Free Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade municipal bonds issued in the State of New York, as represented by the S&P New York AMT-Free Municipal Bond IndexTM (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index. As of Feb 28 2015, the Fund's total assets were $167,759,277 and the Fund's investment portfolio was valued at $165,840,717 According to our NYF split history records, iShares Trust - iShares New York Muni Bond ETF has had 1 split. | |
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iShares Trust - iShares New York Muni Bond ETF (NYF) has 1 split in our NYF split history database. The split for NYF took place on October 18, 2017. This was a 2 for 1 split, meaning for each share of NYF owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as iShares Trust - iShares New York Muni Bond 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 NYF split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - iShares New York Muni Bond ETF shares, starting with a $10,000 purchase of NYF, presented on a split-history-adjusted basis factoring in the complete NYF split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$55.71 |
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| End price/share: |
$53.48 |
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| Starting shares: |
179.50 |
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| Ending shares: |
224.92 |
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| Dividends reinvested/share: |
$12.39 |
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| Total return: |
20.29% |
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| Average Annual Total Return: |
1.86% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$12,023.05 |
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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: |
12/14/2015 |
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| End date: |
12/10/2025 |
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| Start price/share: |
$55.71 |
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| End price/share: |
$53.48 |
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| Dividends collected/share: |
$12.39 |
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| Total return: |
18.24% |
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| Average Annual Total Return: |
1.69% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,823.95 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 10/18/2017 | 2 for 1 |
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