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Video: What is a Stock Split?
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Rydex ETF Trust - Guggenheim S&P 500 Equal Weight Materials is an open-end management investment company. The Fund's investment objective is to replicate as closely as possible, before fees and expenses, the daily performance of the S&P 500 Equal Weight Materials Index (the "Underlying Index"). The Fund seeks to achieve their objective by investing in common stocks or ETFs, where applicable, that comprise the Underlying Index. The Fund uses a "replication" strategy to track the Underlying Index. As of Oct 31 2014, the Fund's total assets were $74,173,288 and the Fund's investment portfolio was valued at $74,113,392. According to our RSPM split history records, Invesco Exchange-Traded Fund Trust - S&P 500 Equal Weight Materials ETF has had 1 split. | |
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Invesco Exchange-Traded Fund Trust - S&P 500 Equal Weight Materials ETF (RSPM) has 1 split in our RSPM split history database. The split for RSPM took place on July 17, 2023. This was a 5 for 1 split, meaning for each share of RSPM 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 500 Equal Weight Materials 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 RSPM 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 500 Equal Weight Materials ETF shares, starting with a $10,000 purchase of RSPM, presented on a split-history-adjusted basis factoring in the complete RSPM split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
05/08/2014 |
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End date: |
05/06/2024 |
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Start price/share: |
$16.29 |
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End price/share: |
$35.49 |
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Starting shares: |
613.87 |
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Ending shares: |
727.22 |
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Dividends reinvested/share: |
$4.03 |
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Total return: |
158.09% |
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Average Annual Total Return: |
9.94% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$25,802.99 |
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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: |
05/08/2014 |
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End date: |
05/06/2024 |
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Start price/share: |
$16.29 |
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End price/share: |
$35.49 |
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Dividends collected/share: |
$4.03 |
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Total return: |
142.61% |
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Average Annual Total Return: |
9.26% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$24,250.31 |
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Years: |
10.00 |
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Date |
Ratio |
07/17/2023 | 5 for 1 |
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