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Video: What is a Stock Split?
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SPDR Barclays Capital TIPS is an open-end investment management company. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance the Barclays United States Government Inflation-linked Bond Index (the Index). The Index includes publicly issued, United States Treasury inflation protected securities that have at least 1 year remaining to maturity on index rebalancing date, with an issue size equal to or in excess of $500 million. As of June 30 2015, the Fund's total assets and investment porfolio totaled $657,560,469 and $650,892,426, respectively. According to our SPIP split history records, SPDR Series Trust - SPDR Portfolio TIPS ETF has had 1 split. | |
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SPDR Series Trust - SPDR Portfolio TIPS ETF (SPIP) has 1 split in our SPIP split history database. The split for SPIP took place on September 23, 2019. This was a 2 for 1 split, meaning for each share of SPIP 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 SPDR Series Trust - SPDR Portfolio TIPS 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 SPIP 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 SPDR Series Trust - SPDR Portfolio TIPS ETF shares, starting with a $10,000 purchase of SPIP, presented on a split-history-adjusted basis factoring in the complete SPIP split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$28.10 |
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End price/share: |
$25.19 |
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Starting shares: |
355.87 |
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Ending shares: |
474.61 |
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Dividends reinvested/share: |
$8.20 |
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Total return: |
19.55% |
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Average Annual Total Return: |
1.80% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,953.02 |
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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: |
04/22/2014 |
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End date: |
04/19/2024 |
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Start price/share: |
$28.10 |
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End price/share: |
$25.19 |
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Dividends collected/share: |
$8.20 |
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Total return: |
18.83% |
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Average Annual Total Return: |
1.74% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$11,882.76 |
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Years: |
10.00 |
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Date |
Ratio |
09/23/2019 | 2 for 1 |
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