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Video: What is a Stock Split?
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Virtus Total Return Fund is a closed-end management investment company. The Fund's investment objective is capital appreciation with current income as a secondary objective. According to our ZTR split history records, Zweig Total Return Fund has had 1 split. | |
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Zweig Total Return Fund (ZTR) has 1 split in our ZTR split history database. The split for ZTR took place on June 27, 2012. This was a 1 for 4 reverse split, meaning for each 4 shares of ZTR owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as Zweig Total Return Fund conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the ZTR split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Zweig Total Return Fund shares, starting with a $10,000 purchase of ZTR, presented on a split-history-adjusted basis factoring in the complete ZTR 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: |
$13.98 |
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End price/share: |
$5.39 |
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Starting shares: |
715.31 |
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Ending shares: |
2,349.60 |
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Dividends reinvested/share: |
$11.93 |
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Total return: |
26.64% |
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Average Annual Total Return: |
2.39% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,664.13 |
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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: |
$13.98 |
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End price/share: |
$5.39 |
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Dividends collected/share: |
$11.93 |
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Total return: |
23.86% |
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Average Annual Total Return: |
2.16% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$12,382.51 |
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Years: |
10.00 |
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Date |
Ratio |
06/27/2012 | 1 for 4 |
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