“State Street Global Advisors also announced share splits on five equity SPDR ETFs. The splits lower the funds’ share prices and increase the number of shares outstanding. The aggregate market value of shares outstanding is not impacted,” according to a statement.
The SPDR S&P 600 Small Cap ETF (NYSEARCA:SLY), SPDR S&P 600 Small Cap Value ETF (NYSEArca: SLYV) and the SPDR S&P 400 Mid Cap Value ETF (NYSEArca: MDYV) will be split on a 2-for-1 basis.
The SPDR S&P 600 Small Cap Growth ETF (NYSEArca: SLYG) will undergo a 4-for-1 split while the SPDR S&P 400 Mid Cap Growth ETF (NYSEArca: MDYG) will be split 3-for-1.
“The share split will apply to shareholders of record as of market close on June 8, 2018 and are payable after market close on June 12, 2018. The shares will trade at their post-split price effective June 13, 2018,” according to the statement.
For more information on Fixed-Income ETFs, visit our Fixed-Income category.