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Video: What is a Stock Split?
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According to our PowerShares DB Base Metals Long ETN stock split history records, PowerShares DB Base Metals Long ETN has had 2 splits. | |
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PowerShares DB Base Metals Long ETN (BDG) has 2 splits in our PowerShares DB Base Metals Long ETN stock split history database. The first split for BDG took place on January 20, 1987. This was a 2 for 1
split, meaning for each share of BDG 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. BDG's second split took place on June 11, 1992. This was a 2 for 1
split, meaning for each share of BDG owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as PowerShares DB Base Metals Long ETN 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 PowerShares DB Base Metals Long ETN stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PowerShares DB Base Metals Long ETN shares, starting with a $10,000 purchase of BDG, presented on a split-history-adjusted basis factoring in the complete PowerShares DB Base Metals Long ETN stock split history.
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Date |
Ratio |
01/20/1987 | 2 for 1
| 06/11/1992 | 2 for 1
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