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VanEck ETF Trust - Junior Gold Miners ETF (GDXJ) has 1 split in our GDXJ split history database. The split for GDXJ took place on July 01, 2013. This was a 1 for 4 reverse split, meaning for each 4 shares of GDXJ owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 250 share position following the split.
When a company such as VanEck ETF Trust - Junior Gold Miners 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 GDXJ split history from start to finish, an original position size of 1000 shares would have turned into 250 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into VanEck ETF Trust - Junior Gold Miners ETF shares, starting with a $10,000 purchase of GDXJ, presented on a split-history-adjusted basis factoring in the complete GDXJ split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||3.55%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||3.37%|
|About VanEck ETF Trust - Junior Gold Miners ETF|
|Market Vectors Jr Gold Miners ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index (the Index). The Index provides exposure to a global universe of publicly traded small- and medium-capitalization companies that generate at least 50% of their revenues from gold and/or silver mining, hold real property that has the potential to produce at least 50% of Co.'s revenue. As of Dec 31 2013, the Fund's total assets were $1,262,877,514 and its investment portfolio was valued at $1,136,697,581. According to our GDXJ split history records, VanEck ETF Trust - Junior Gold Miners ETF has had 1 split.|
|GDXJ Split History Table|
|07/01/2013||1 for 4|
|Financials Stock Splits|
|GDXJ is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: GDXJ shares outstanding history
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