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 Video: What is a Stock Split?
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| The Materials Select Sector SPDR Fund is an open-end management investment company. The Materials Select Sector SPDR Fund (the “Fund”) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Materials Select Sector Index (the “Index”). In seeking this objective, the Fund uses a replication strategy. As of Sept 30 2015, the Fund's total assets were $2,118,161,325 and the Fund's investments portfolio was valued at $2,093,350,057. According to our The Materials Select Sector SPDR Fund stock split history records, The Materials Select Sector SPDR Fund has had 1 split. | |
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The Materials Select Sector SPDR Fund (XLF) has 1 split in our The Materials Select Sector SPDR Fund stock split history database. The split for XLF took place on September 19, 2016. This was a 1231 for 1000 split, meaning for each 1000 shares of XLF owned pre-split, the shareholder now owned 1231 shares. For example, a 1000 share position pre-split, became a 1231 share position following the split.
When a company such as The Materials Select Sector SPDR Fund 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 The Materials Select Sector SPDR Fund stock split history from start to finish, an original position size of 1000 shares would have turned into 1231 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into The Materials Select Sector SPDR Fund shares, starting with a $10,000 purchase of XLF, presented on a split-history-adjusted basis factoring in the complete The Materials Select Sector SPDR Fund stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$17.86 |
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| End price/share: |
$39.69 |
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| Starting shares: |
559.91 |
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| Ending shares: |
679.78 |
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| Dividends reinvested/share: |
$5.22 |
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| Total return: |
169.81% |
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| Average Annual Total Return: |
10.44% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,979.11 |
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| Years: |
9.99 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
04/22/2014 |
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| End date: |
04/17/2024 |
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| Start price/share: |
$17.86 |
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| End price/share: |
$39.69 |
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| Dividends collected/share: |
$5.22 |
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| Total return: |
151.47% |
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| Average Annual Total Return: |
9.67% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$25,157.00 |
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| Years: |
9.99 |
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| Date |
Ratio |
| 09/19/2016 | 1231 for 1000 |
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