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 Video: What is a Stock Split?
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| PowerShares Dynamic Market Portfolio is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the fund's fee and expenses) of the Dynamic Market Intellidex index. The fund normally invests at least 90% of total assets in common stocks that comprise the Market Intellidex. It may generally invest in all stocks comprising the Market Intellidex in proportion to their weightings in the Market Intellidex. As of Apr 30 2013, the Fund's total assets were $141,049,777 and the Fund's investments portfolio was valued at $140,995,838. According to our PWC split history records, PWC has had 2 splits. | |
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PWC (PWC) has 2 splits in our PWC split history database. The first split for PWC took place on July 21, 2003. This was a 4 for 1 split, meaning for each share of PWC owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split. PWC's second split took place on July 17, 2023. This was a 3 for 1 split, meaning for each share of PWC owned pre-split, the shareholder now owned 3 shares. For example, a 4000 share position pre-split, became a 12000 share position following the split.
When a company such as PWC 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 PWC split history from start to finish, an original position size of 1000 shares would have turned into 12000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PWC shares, starting with a $10,000 purchase of PWC, presented on a split-history-adjusted basis factoring in the complete PWC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
08/25/2023 |
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| Start price/share: |
$24.37 |
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| End price/share: |
$37.88 |
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| Starting shares: |
410.34 |
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| Ending shares: |
454.05 |
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| Dividends reinvested/share: |
$3.08 |
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| Total return: |
72.00% |
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| Average Annual Total Return: |
6.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$17,205.07 |
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| Years: |
8.58 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
08/25/2023 |
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| Start price/share: |
$24.37 |
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| End price/share: |
$37.88 |
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| Dividends collected/share: |
$3.08 |
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| Total return: |
68.06% |
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| Average Annual Total Return: |
6.24% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$16,807.42 |
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| Years: |
8.58 |
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| Date |
Ratio |
| 07/21/2003 | 4 for 1 | | 07/17/2023 | 3 for 1 |
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