|Free Dividend Report|
|BIL Dividend History|
|BIL Stock Split History|
|Preferred Stock Newsletter|
|BIL Options Chain|
|Stock Message Boards|
SPDR Series Trust - Bloomberg 1-3 Month T-Bill ETF (BIL) has 1 split in our BIL split history database. The split for BIL took place on November 30, 2017. This was a 1 for 2 reverse split, meaning for each 2 shares of BIL owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 500 share position following the split.
When a company such as SPDR Series Trust - Bloomberg 1-3 Month T-Bill 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 BIL split history from start to finish, an original position size of 1000 shares would have turned into 500 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - Bloomberg 1-3 Month T-Bill ETF shares, starting with a $10,000 purchase of BIL, presented on a split-history-adjusted basis factoring in the complete BIL split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||0.94%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||0.90%|
|About SPDR Series Trust - Bloomberg 1-3 Month T-Bill ETF|
|SPDR Barclays Capital 1-3 Month T-Bill is an open-end investment management company. The Fund seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital 1-3 Month U.S. Treasury Bill Index. The Barclays Capital 1-3 Month U.S. Treasury Bill Index includes all publicly issued zero-coupon United States treasury bills that have a remaining maturity of less than three months and more than one month, are rated investment grade, and have $250 million or more of outstanding face value. As of June 30 2015, the Fund's total assets and investment porfolio totaled $2,181,111,412 and $1,422,612,731, respectively. According to our BIL split history records, SPDR Series Trust - Bloomberg 1-3 Month T-Bill ETF has had 1 split.|
|BIL Split History Table|
|11/30/2017||1 for 2|
|Financials Stock Splits|
|BIL is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:|