When a company such as iShares Trust - Expanded Tech Sector 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.

Looking at the IGM split history from start to finish, an original position size of 1000 shares would have turned into 6000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - Expanded Tech Sector ETF shares, starting with a $10,000 purchase of IGM, presented on a split-history-adjusted basis factoring in the complete IGM split history.

About iShares Trust - Expanded Tech Sector ETF

iShares North American Tech is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance, of the United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index. As of Jul 31 2015, the Fund's total assets were $841,857,862 and the Fund's investment portfolio was valued at $841,709,225. According to our IGM split history records, iShares Trust - Expanded Tech Sector ETF has had 1 split.

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