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Video: What is a Stock Split?
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Market Vectors Rare Earth/Strategic Metals ETF is an open-end management investment company. The Fund seeks to replicate the price and yield performance of the Market Vectors Rare Earth/Strategic Metals Index (the Index). The Index consisted of foreign and domestic equity securities of publicly traded companies primarily engaged in a variety of activities that are related to the producing, refining and recycling of rare earth and strategic metals and minerals. As of Dec 31 2013, the Fund's total assets were $110,171,197 and its investment portfolio was valued at $96,272,821. According to our REMX split history records, VanEck ETF Trust - Rare Earth/Strategic Metals ETF has had 2 splits. | |
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VanEck ETF Trust - Rare Earth/Strategic Metals ETF (REMX) has 2 splits in our REMX split history database. The first split for REMX took place on July 01, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of REMX owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split. REMX's second split took place on April 15, 2020. This was a 1 for 3 reverse split, meaning for each 3 shares of REMX owned pre-split, the shareholder now owned 1 share. For example, a 250 share position pre-split, became a 83.3333333333333 share position following the split.
When a company such as VanEck ETF Trust - Rare Earth/Strategic Metals ETF conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the REMX split history from start to finish, an original position size of 1000 shares would have turned into 83.3333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VanEck ETF Trust - Rare Earth/Strategic Metals ETF shares, starting with a $10,000 purchase of REMX, presented on a split-history-adjusted basis factoring in the complete REMX split history.

Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/29/2013 |
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End date: |
05/26/2023 |
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Start price/share: |
$132.00 |
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End price/share: |
$81.18 |
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Starting shares: |
75.76 |
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Ending shares: |
105.47 |
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Dividends reinvested/share: |
$20.39 |
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Total return: |
-14.38% |
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Average Annual Total Return: |
-1.54% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$8,562.82 |
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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: |
05/29/2013 |
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End date: |
05/26/2023 |
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Start price/share: |
$132.00 |
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End price/share: |
$81.18 |
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Dividends collected/share: |
$20.39 |
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Total return: |
-23.05% |
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Average Annual Total Return: |
-2.59% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$7,692.48 |
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Years: |
10.00 |
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Date |
Ratio |
07/01/2013 | 1 for 4 | 04/15/2020 | 1 for 3 |
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