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 Video: What is a Stock Split?
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| Bank of America is a bank and financial holding company. Through its banking and nonbanking subsidiaries throughout the U.S and in selected international markets, Co. provides banking, investing, asset management and other financial and risk management products and services through six business segments: Deposits, Global Card Services, Home Loans and Insurance, Global Banking, Global Markets, Global Wealth and Investment Management. As of Dec 31 2009, Co. served its customers through 6,000 banking centers, 18,000 automated teller machines, call centers and online and mobile banking platforms. As of the same date, Co. had total assets of $2.22 trillion and deposits of $991.61 billion. According to our SPC split history records, Crossingbridge Pre-merger Spac Etf has had 2 splits. | |
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Crossingbridge Pre-merger Spac Etf (SPC) has 2 splits in our SPC split history database. The first split for SPC took place on June 07, 1994. This was a 2 for 1
split, meaning for each share of SPC 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. SPC's second split took place on May 12, 1998. This was a 2 for 1
split, meaning for each share of SPC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as Crossingbridge Pre-merger Spac 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 SPC split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Crossingbridge Pre-merger Spac Etf shares, starting with a $10,000 purchase of SPC, presented on a split-history-adjusted basis factoring in the complete SPC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
09/22/2021 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$20.03 |
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| End price/share: |
$21.48 |
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| Starting shares: |
499.25 |
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| Ending shares: |
504.88 |
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| Dividends reinvested/share: |
$0.23 |
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| Total return: |
8.42% |
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| Average Annual Total Return: |
3.19% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,842.30 |
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| Years: |
2.58 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
09/22/2021 |
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| End date: |
04/19/2024 |
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| Start price/share: |
$20.03 |
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| End price/share: |
$21.48 |
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| Dividends collected/share: |
$0.23 |
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| Total return: |
8.39% |
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| Average Annual Total Return: |
3.18% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$10,839.60 |
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| Years: |
2.58 |
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| Date |
Ratio |
| 06/07/1994 | 2 for 1
| | 05/12/1998 | 2 for 1
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