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 Video: What is a Stock Split?
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| SPDR S&P 500 Growth is an open-end investment management company. The Fund seeks to provide investment results, which correspond to the total return performance of an index tracks the performance of exchange traded the equity securities. The Fund matches the returns and characteristics of the S&P 500 Growth Index (the Index). The index measures the performance of the growth sector in the United States equity market. The selection universe for the S&P 500 Index includes all the United States common equities. As of June 30 2015, the Fund's total assets and investment porfolio totaled $568,534,398 and $567,682,368, respectively. According to our SPYG split history records, SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF has had 1 split. | |
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SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF (SPYG) has 1 split in our SPYG split history database. The split for SPYG took place on October 16, 2017. This was a 4 for 1 split, meaning for each share of SPYG owned pre-split, the shareholder now owned 4 shares. For example, a 1000 share position pre-split, became a 4000 share position following the split.
When a company such as SPDR Series Trust - SPDR Portfolio S&P 500 Growth 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 SPYG 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 SPDR Series Trust - SPDR Portfolio S&P 500 Growth ETF shares, starting with a $10,000 purchase of SPYG, presented on a split-history-adjusted basis factoring in the complete SPYG split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$20.94 |
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| End price/share: |
$62.52 |
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| Starting shares: |
477.55 |
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| Ending shares: |
544.99 |
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| Dividends reinvested/share: |
$4.76 |
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| Total return: |
240.73% |
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| Average Annual Total Return: |
13.05% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$34,073.27 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
12/10/2013 |
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| End date: |
12/06/2023 |
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| Start price/share: |
$20.94 |
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| End price/share: |
$62.52 |
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| Dividends collected/share: |
$4.76 |
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| Total return: |
221.32% |
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| Average Annual Total Return: |
12.39% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$32,136.51 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 10/16/2017 | 4 for 1 |
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