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Video: What is a Stock Split?
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The Gold Miners ETF Market Vectors ETF Fund is an open-end investment management company. The Fund seeks to replicate as closely as possible, the price and yield performance of the NYSE Arca Gold Miners Index (GDM). The Index provides exposure to publicly traded companies worldwide involved primarily in the mining for gold, representing a diversified blend of small, mid and large-capitalization stocks. As of Dec 31 2013, the Fund's total assets and investment portfolio were $6,954,958,352 and $6,657,983,184, respectively. According to our RKH split history records, RKH has had 1 split. | |
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RKH (RKH) has 1 split in our RKH split history database. The split for RKH took place on February 14, 2012. This was a 2 for 1 split, meaning for each share of RKH owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as RKH 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 RKH split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into RKH shares, starting with a $10,000 purchase of RKH, presented on a split-history-adjusted basis factoring in the complete RKH split history.
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Date |
Ratio |
02/14/2012 | 2 for 1 |
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