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 Video: What is a Stock Split?
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| GraniteShares Platinum Trust owns platinum transferred to Co. in exchange for shares issued by Co. (Shares). Each Share represents a fractional undivided beneficial interest in and ownership of Co. The assets of Co. consist solely of platinum bullion. The objective of Co. is for the value of the Shares to reflect, at any given time, the value of the assets owned by Co. at that time less Co.'s accrued expenses and liabilities as of that time. The Shares are intended to constitute means of making an investment similar to an investment in platinum. According to our PLTM split history records, Graniteshares Platinum Shares Etf has had 1 split. | |
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Graniteshares Platinum Shares Etf (PLTM) has 1 split in our PLTM split history database. The split for PLTM took place on March 25, 2019. This was a 10 for 1 split, meaning for each share of PLTM 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 Graniteshares Platinum Shares 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 PLTM 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 Graniteshares Platinum Shares Etf shares, starting with a $10,000 purchase of PLTM, presented on a split-history-adjusted basis factoring in the complete PLTM split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
02/05/2018 |
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| End date: |
04/25/2024 |
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| Start price/share: |
$9.95 |
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| End price/share: |
$8.90 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-10.54% |
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| Average Annual Total Return: |
-1.78% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$8,943.14 |
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| Years: |
6.22 |
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| Date |
Ratio |
| 03/25/2019 | 10 for 1 |
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