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Video: What is a Stock Split?
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iShares Short-Term National AMT-Free Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds with remaining maturities between one month and five years, as represented by the S&P Short Term National AMT-Free Municipal Bond IndexTM (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Feb 28 2015, the Fund's total assets were $897,641,260 and the Fund's investment portfolio was valued at $886,496,215. According to our SUB split history records, iShares Trust - iShares Short-Term National Muni Bond ETF has had 1 split. | |
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iShares Trust - iShares Short-Term National Muni Bond ETF (SUB) has 1 split in our SUB split history database. The split for SUB took place on September 25, 1997. This was a 3 for 2
split, meaning for each 2
shares of SUB owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split.
When a company such as iShares Trust - iShares Short-Term National Muni Bond 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 SUB split history from start to finish, an original position size of 1000 shares would have turned into 1500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - iShares Short-Term National Muni Bond ETF shares, starting with a $10,000 purchase of SUB, presented on a split-history-adjusted basis factoring in the complete SUB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$106.26 |
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End price/share: |
$104.41 |
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Starting shares: |
94.11 |
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Ending shares: |
104.45 |
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Dividends reinvested/share: |
$11.01 |
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Total return: |
9.05% |
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Average Annual Total Return: |
0.87% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,904.86 |
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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: |
04/29/2014 |
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End date: |
04/26/2024 |
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Start price/share: |
$106.26 |
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End price/share: |
$104.41 |
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Dividends collected/share: |
$11.01 |
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Total return: |
8.63% |
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Average Annual Total Return: |
0.83% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$10,861.70 |
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Years: |
10.00 |
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Date |
Ratio |
09/25/1997 | 3 for 2
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