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Video: What is a Stock Split?
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Guggenheim S&P MidCap 400 Pure Growth is an open-end management investment company. The Fund seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index. As of Oct 31 2014, the Fund's total assets were $766,472,607 and the Fund's investment portfolio was valued at $766,127,849. According to our RFG split history records, Invesco Exchange-Traded Fund Trust - S&P MidCap 400 Pure Growth ETF has had 1 split. | |
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Invesco Exchange-Traded Fund Trust - S&P MidCap 400 Pure Growth ETF (RFG) has 1 split in our RFG split history database. The split for RFG took place on July 17, 2023. This was a 5 for 1 split, meaning for each share of RFG 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 - S&P MidCap 400 Pure Growth 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 RFG 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 - S&P MidCap 400 Pure Growth ETF shares, starting with a $10,000 purchase of RFG, presented on a split-history-adjusted basis factoring in the complete RFG 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: |
$23.45 |
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End price/share: |
$48.41 |
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Starting shares: |
426.44 |
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Ending shares: |
451.69 |
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Dividends reinvested/share: |
$1.79 |
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Total return: |
118.66% |
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Average Annual Total Return: |
8.14% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,870.75 |
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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: |
$23.45 |
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End price/share: |
$48.41 |
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Dividends collected/share: |
$1.79 |
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Total return: |
114.08% |
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Average Annual Total Return: |
7.91% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$21,410.01 |
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Years: |
10.00 |
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Date |
Ratio |
07/17/2023 | 5 for 1 |
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