Split History
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Global X Funds - X MSCI Colombia ETF (GXG) has 2 splits in our GXG split history database. The first split for GXG took place on April 12, 2011. This was a 2 for 1 split, meaning for each share of GXG owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. GXG's second split took place on April 28, 2020. This was a 1 for 4 reverse split, meaning for each 4 shares of GXG owned pre-split, the shareholder now owned 1 share. For example, a 2000 share position pre-split, became a 500 share position following the split.
When a company such as Global X Funds - X MSCI Colombia ETF 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. When a company such as Global X Funds - X MSCI Colombia 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 GXG 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 Global X Funds - X MSCI Colombia ETF shares, starting with a $10,000 purchase of GXG, presented on a split-history-adjusted basis factoring in the complete GXG split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $76.08 | ||
| End price/share: | $24.69 | ||
| Starting shares: | 131.44 | ||
| Ending shares: | 191.75 | ||
| Dividends reinvested/share: | $11.33 | ||
| Total return: | -52.66% | ||
| Average Annual Total Return: | -7.21% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $4,732.61 | ||
| Years: | 10.00 | ||
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Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/22/2014 | ||
| End date: | 04/18/2024 | ||
| Start price/share: | $76.08 | ||
| End price/share: | $24.69 | ||
| Dividends collected/share: | $11.33 | ||
| Total return: | -52.65% | ||
| Average Annual Total Return: | -7.21% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $4,732.61 | ||
| Years: | 10.00 | ||
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| About Global X Funds - X MSCI Colombia ETF |
| Global X MSCI Colombia ETF, formerly the Global X FTSE Colombia 20 is an open-end management investment company. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Comomiba Capped Index (the Index). The Fund generally seeks to replicate the Index but may at times invest in a representative sample of securities that collectively has an investment profile similar to the Index and as a result may or may not hold all the securities that are included in the Index. As of Oct 31 2014, the Fund had total assets of $110,894,374 and its total investments were $100,714,666. According to our GXG split history records, Global X Funds - X MSCI Colombia ETF has had 2 splits. |
| GXG Split History Table | |
| Date | Ratio |
| 04/12/2011 | 2 for 1 |
| 04/28/2020 | 1 for 4 |
| Financials Stock Splits |
| GXG is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
GYRO Split History Also explore: GXG shares outstanding history
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