Barclays Global Investors has announced they are splitting shares amongst 10% of their exchange traded fund (ETF) line, iShares.
There are more than 160 U.S.-based products within this fund family, and they represent $327 billion in assets as of early May, reports Hannah Glover for Ignites.
As of late Friday, all but two of the ETFs were trading at $100 per share or higher. July 24th is the magic date when shares for 16 ETFs will start trading at a split-adjusted rate. Shareholders on record as of July 21 will see the adjusted number of shares in their brokerage account change as of July 28. these spits range form a 2-for-1 to a 10-for-1 according to the product.
Share splits will lower the price of shares to make them more accessible for individual investors and offer more liquidity to investors. It’s mostly a psychological move that’s merely a sign of success for an ETF or stock. Most stocks and ETFs prefer to trade under $100 to help them retain their attractiveness.
The shares splitting are:
| iShares Silver Trust | SLV | 10-for-1 |
| iShares S&P Latin America 40 | ILF | 5-for-1 |
| iShares FTSE/Xinhua China 25 | FXI | 3-for-1 |
| iShares MSCI Emerging Markets | EEM | 3-for-1 |
| iShares MSCI Pacific ex-Japan Index Fund | EPP | 3-for-1 |
| iShares Russell Midcap Value Index Fund | IWS | 3-for-1 |
| iShares S&P Global Energy Sector Index Fund | IXC | 3-for-1 |
| iShares S&P North American Natural Resources Sector | IGE | 3-for-1 |
| iShares Dow Jones Energy Sector Fund | IYE | 3-for-1 |
| iShares S&P SmallCap 600 Growth | IJT | 2-for-1 |
| iShares S&P 1500 | ISI | 2-for-1 |
| iShares MSCI South Africa | EZA | 2-for-1 |
| iShares S&P/TOPIX 150 | ITF | 2-for-1 |
| iShares MSCI EMU | EZU | 2-for-1 |
| iShares Russell Midcap Growth | IWP | 2-for-1 |
| iShares S&P Europe 350 | IEV | 2-for-1 |
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.