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 Video: What is a Stock Split?
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| SPDR S&P 600 Small Cap is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Small Cap 600 Index. The selection universe for the Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $250 million and $1.2 billion. As of June 30 2015, the Fund's total assets and investment portfolio totaled $477,872,611 and $472,454,626, respectively. According to our SLY split history records, SLY has had 1 split. | |
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SLY (SLY) has 1 split in our SLY split history database. The split for SLY took place on June 13, 2018. This was a 2 for 1 split, meaning for each share of SLY 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 SLY 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 SLY 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 SLY shares, starting with a $10,000 purchase of SLY, presented on a split-history-adjusted basis factoring in the complete SLY split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$47.11 |
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| End price/share: |
$85.46 |
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| Starting shares: |
212.27 |
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| Ending shares: |
260.67 |
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| Dividends reinvested/share: |
$12.98 |
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| Total return: |
122.77% |
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| Average Annual Total Return: |
9.68% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$22,276.37 |
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| Years: |
8.67 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/10/2014 |
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| End date: |
06/09/2023 |
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| Start price/share: |
$47.11 |
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| End price/share: |
$85.46 |
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| Dividends collected/share: |
$12.98 |
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| Total return: |
108.95% |
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| Average Annual Total Return: |
8.87% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$20,890.01 |
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| Years: |
8.67 |
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| Date |
Ratio |
| 06/13/2018 | 2 for 1 |
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