The streetTRACKS Dow Jones US Large Cap Value Index will be split two-for-one and the streetTRACKS Dow Jones US Small Cap Value Fund nd the streetTRACKS Wilshire REIT fund will split three-for-one.
Trading will begin on a split-adjusted basis on September 22.
A spokeswoman said the splits will make fund shares more affordable and more tradable.
The Wilshire REIT Fund was trading at $208.40 late Tuesday afternoon, up $4.57. Dow Jones US Small Cap Value was trading at $188.84, up $1.62, and Dow Jones US Large Cap Value was trading at $138.95, up 73 cents.
Fonte: Reuters
SSgA,a which is part of State Street Corp., earlier this year split shares of the SPDR O-Strip ETF three-for-one.
Exchange-traded funds, which track various indexes, trade intraday on stock exchanges. Investors buy and sell them through brokers.
Share splits do not change the value of the funds and do not affect the value of shareholders’ investments.
Fonte: Reuters
