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 Video: What is a Stock Split?
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| RevenueShares Small Cap Fund (the Fund) is an open-end management investment company.The Fund seeks to achieve its investment objective of outperforming the total return performance of the S&P SmallCap 600 Index (S&P 600) by investing in the constituent securities of the S&P 600 in the same proportions as the RevenueShares Small Cap Index. RevenueShares Small Cap Index is constructed using a rules-driven methodology, which re-weights the constituent securities of the S&P 600 according to the revenue earned by the companies in the S&P 600. As of June 30 2015, the Fund's total assets and investment portfolio totaled $418,602,302 and $394,824,149, respectively. According to our RWJ split history records, Invesco S&P SmallCap 600 Revenue ETF has had 2 splits. | |
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Invesco S&P SmallCap 600 Revenue ETF (RWJ) has 2 splits in our RWJ split history database. The first split for RWJ took place on November 06, 2008. This was a 2 for 1 split, meaning for each share of RWJ 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. RWJ's second split took place on July 17, 2023. This was a 3 for 1 split, meaning for each share of RWJ owned pre-split, the shareholder now owned 3 shares. For example, a 2000 share position pre-split, became a 6000 share position following the split.
When a company such as Invesco S&P SmallCap 600 Revenue 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 RWJ split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Invesco S&P SmallCap 600 Revenue ETF shares, starting with a $10,000 purchase of RWJ, presented on a split-history-adjusted basis factoring in the complete RWJ split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.69 |
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| End price/share: |
$48.41 |
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| Starting shares: |
535.05 |
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| Ending shares: |
591.63 |
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| Dividends reinvested/share: |
$2.76 |
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| Total return: |
186.41% |
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| Average Annual Total Return: |
11.10% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$28,651.05 |
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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: |
12/09/2014 |
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| End date: |
12/06/2024 |
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| Start price/share: |
$18.69 |
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| End price/share: |
$48.41 |
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| Dividends collected/share: |
$2.76 |
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| Total return: |
173.80% |
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| Average Annual Total Return: |
10.60% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$27,387.43 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/06/2008 | 2 for 1 | | 07/17/2023 | 3 for 1 |
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