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|
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