When a company such as iShares Trust - iShares Global Healthcare 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 IXJ split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into iShares Trust - iShares Global Healthcare ETF shares, starting with a $10,000 purchase of IXJ, presented on a split-history-adjusted basis factoring in the complete IXJ split history.

About iShares Trust - iShares Global Healthcare ETF

iShares S&P Global Healthcare Sector 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 S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor's Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals. As of Mar 31 2015, the Fund's total assets and investment portfolio totaled $1,707,670,996 and $1,703,204,130, respectively. According to our IXJ split history records, iShares Trust - iShares Global Healthcare ETF has had 1 split.

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