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Video: What is a Stock Split?
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The fund is an open-end investment company. The goal of the fund is to seek a long-term growth of capital by investing in companies with market capitalizations greater than $ 1 billion at the time of investment. According to our ONEQ split history records, Fidelity Nasdaq Composite Index Etf has had 1 split. | |
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Fidelity Nasdaq Composite Index Etf (ONEQ) has 1 split in our ONEQ split history database. The split for ONEQ took place on April 08, 2021. This was a 10 for 1 split, meaning for each share of ONEQ owned pre-split, the shareholder now owned 10 shares. For example, a 1000 share position pre-split, became a 10000 share position following the split.
When a company such as Fidelity Nasdaq Composite Index 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 ONEQ split history from start to finish, an original position size of 1000 shares would have turned into 10000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fidelity Nasdaq Composite Index Etf shares, starting with a $10,000 purchase of ONEQ, presented on a split-history-adjusted basis factoring in the complete ONEQ 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: |
$16.09 |
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End price/share: |
$62.79 |
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Starting shares: |
621.50 |
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Ending shares: |
685.58 |
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Dividends reinvested/share: |
$3.22 |
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Total return: |
330.48% |
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Average Annual Total Return: |
15.72% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$43,061.01 |
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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: |
$16.09 |
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End price/share: |
$62.79 |
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Dividends collected/share: |
$3.22 |
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Total return: |
310.26% |
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Average Annual Total Return: |
15.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$41,021.97 |
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Years: |
10.00 |
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Date |
Ratio |
04/08/2021 | 10 for 1 |
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