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 Video: What is a Stock Split?
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| PowerShares FTSE RAFI US 1500 Small-Mid Portfolio is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of the FTSE RAFI U.S. 1500 Small-Mid Index (the Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index comprises approximately 1,485 United States stocks. The Index is designed to track the performance of small and medium-sized United States companies. As of Apr 30 2013, the Fund had total assets of $603,714,913 and a total investment portfolio of $602,991,581. According to our PRFZ split history records, Invesco Exchange-Traded Fund Trust - FTSE RAFI US 1500 Small-Mid ETF has had 1 split. | |
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Invesco Exchange-Traded Fund Trust - FTSE RAFI US 1500 Small-Mid ETF (PRFZ) has 1 split in our PRFZ split history database. The split for PRFZ took place on July 17, 2023. This was a 5 for 1 split, meaning for each share of PRFZ owned pre-split, the shareholder now owned 5 shares. For example, a 1000 share position pre-split, became a 5000 share position following the split.
When a company such as Invesco Exchange-Traded Fund Trust - FTSE RAFI US 1500 Small-Mid 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 PRFZ split history from start to finish, an original position size of 1000 shares would have turned into 5000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Invesco Exchange-Traded Fund Trust - FTSE RAFI US 1500 Small-Mid ETF shares, starting with a $10,000 purchase of PRFZ, presented on a split-history-adjusted basis factoring in the complete PRFZ 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: |
$19.17 |
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| End price/share: |
$37.35 |
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| Starting shares: |
521.65 |
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| Ending shares: |
592.28 |
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| Dividends reinvested/share: |
$3.34 |
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| Total return: |
121.22% |
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| Average Annual Total Return: |
8.26% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,114.66 |
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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: |
$19.17 |
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| End price/share: |
$37.35 |
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| Dividends collected/share: |
$3.34 |
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| Total return: |
112.28% |
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| Average Annual Total Return: |
7.82% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$21,232.12 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 07/17/2023 | 5 for 1 |
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