When a company such as iShares Trust - iShares U.S. Medical Devices 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 IHI 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 - iShares U.S. Medical Devices ETF shares, starting with a $10,000 purchase of IHI, presented on a split-history-adjusted basis factoring in the complete IHI split history.

About iShares Trust - iShares U.S. Medical Devices ETF

iShares U.S. Medical Devices is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Medical Equipment Index (the Index). The Index measures the performance of the medical equipment sector of the United States equity market, and includes medical equipment companies, such as manufacturers and distributors of medical devices, such as magnetic resonance imaging scanners, prosthetics, pacemakers, x-ray machines, and other non-disposable medical devices. As of Apr 30 2015, the Fund's total assets were $790,437,469 and the Fund's investment portfolio was valued at $790,000,543. According to our IHI split history records, iShares Trust - iShares U.S. Medical Devices ETF has had 1 split.

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