When a company such as iShares Trust - Russell Mid-Cap 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 IWR split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - Russell Mid-Cap ETF shares, starting with a $10,000 purchase of IWR, presented on a split-history-adjusted basis factoring in the complete IWR split history.

About iShares Trust - Russell Mid-Cap ETF

iShares Trust Russell Midcap Index Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the Russell Midcap Index (the Index). The Index measures the performance of the mid-capitalization sector of the United States equity market. The Index is a float-adjusted, capitalization-weighted index of the 800 smallest issuers in the Russell 1000 Index. As of Mar 31 2015, the Fund's total assets and investment portfolio totaled $13,418,688,600 and $13,377,884,081, respectively. According to our IWR split history records, iShares Trust - Russell Mid-Cap ETF has had 1 split.

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