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 Video: What is a Stock Split?
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| SPDR S&P Health Care Services is an open-end investment management company. The Fund seeks to replicate as closely as possible, before expenses, the performance of an index derived from the health care providers and services segment of a U.S. total market composite index. In seeking this objective, the Fund uses a replication strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $217,111,347 and $217,018,090, respectively. According to our XHS split history records, SPDR Series Trust - S&P Health Care Services ETF has had 1 split. | |
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SPDR Series Trust - S&P Health Care Services ETF (XHS) has 1 split in our XHS split history database. The split for XHS took place on September 11, 2015. This was a 2 for 1 split, meaning for each share of XHS 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 - S&P Health Care Services 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 XHS 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 - S&P Health Care Services ETF shares, starting with a $10,000 purchase of XHS, presented on a split-history-adjusted basis factoring in the complete XHS split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
12/02/2013 |
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| End date: |
11/28/2023 |
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| Start price/share: |
$45.48 |
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| End price/share: |
$85.22 |
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| Starting shares: |
219.88 |
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| Ending shares: |
234.52 |
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| Dividends reinvested/share: |
$4.27 |
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| Total return: |
99.86% |
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| Average Annual Total Return: |
7.17% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,978.71 |
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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: |
12/02/2013 |
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| End date: |
11/28/2023 |
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| Start price/share: |
$45.48 |
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| End price/share: |
$85.22 |
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| Dividends collected/share: |
$4.27 |
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| Total return: |
96.77% |
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| Average Annual Total Return: |
7.01% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$19,682.60 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 09/11/2015 | 2 for 1 |
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