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 Video: What is a Stock Split?
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| Semiconductor Manufacturing International is mainly engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, as well as manufacturing and designing semiconductor masks. Co. provides integrated circuit (IC) foundry and technology services on process nodes from 0.35 micron to 28 nanometer. In addition to wafer fabrication, Co.'s service offerings include a comprehensive portfolio consisting of IC design libraries, circuit design blocks, design support, mask-making, wafer probing and gold/solder bumping. According to our SMI split history records, Vaneck Hip Sustainable Muni Etf has had 2 splits. | |
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Vaneck Hip Sustainable Muni Etf (SMI) has 2 splits in our SMI split history database. The first split for SMI took place on May 18, 1987. This was a 2 for 1
split, meaning for each share of SMI 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. SMI's second split took place on June 21, 1993. This was a 5 for 4
split, meaning for each 4
shares of SMI owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 2500 share position following the split.
When a company such as Vaneck Hip Sustainable Muni 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 SMI split history from start to finish, an original position size of 1000 shares would have turned into 2500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Vaneck Hip Sustainable Muni Etf shares, starting with a $10,000 purchase of SMI, presented on a split-history-adjusted basis factoring in the complete SMI split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/10/2021 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$50.01 |
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| End price/share: |
$45.84 |
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| Starting shares: |
199.96 |
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| Ending shares: |
213.89 |
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| Dividends reinvested/share: |
$3.09 |
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| Total return: |
-1.96% |
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| Average Annual Total Return: |
-0.59% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,802.41 |
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| Years: |
3.37 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/10/2021 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$50.01 |
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| End price/share: |
$45.84 |
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| Dividends collected/share: |
$3.09 |
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| Total return: |
-2.16% |
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| Average Annual Total Return: |
-0.65% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$9,782.47 |
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| Years: |
3.37 |
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| Date |
Ratio |
| 05/18/1987 | 2 for 1
| | 06/21/1993 | 5 for 4
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