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Video: What is a Stock Split?
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Designs manufactures markets and sells its own proprietary life safety and communication systems; also engineers markets and sells systems and products manufactured by other parties. According to our Fidelity Msci Information Technology Index Etf stock split history records, Fidelity Msci Information Technology Index Etf has had 1 split. | |
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Fidelity Msci Information Technology Index Etf (FTEC) has 1 split in our Fidelity Msci Information Technology Index Etf stock split history database. The split for FTEC took place on September 24, 1998. This was a 1 for 3
reverse split, meaning for each 3
shares of FTEC owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 333.333333333333 share position following the split.
When a company such as Fidelity Msci Information Technology Index Etf 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 Fidelity Msci Information Technology Index Etf stock split history from start to finish, an original position size of 1000 shares would have turned into 333.333333333333 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Fidelity Msci Information Technology Index Etf shares, starting with a $10,000 purchase of FTEC, presented on a split-history-adjusted basis factoring in the complete Fidelity Msci Information Technology Index Etf stock split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$27.07 |
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End price/share: |
$147.19 |
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Starting shares: |
369.41 |
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Ending shares: |
408.58 |
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Dividends reinvested/share: |
$6.58 |
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Total return: |
501.39% |
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Average Annual Total Return: |
19.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$60,155.65 |
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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: |
04/28/2014 |
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End date: |
04/24/2024 |
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Start price/share: |
$27.07 |
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End price/share: |
$147.19 |
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Dividends collected/share: |
$6.58 |
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Total return: |
468.06% |
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Average Annual Total Return: |
18.98% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$56,824.14 |
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Years: |
10.00 |
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Date |
Ratio |
09/24/1998 | 1 for 3
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