When a company such as SPDR Series Trust - S&P Insurance 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 KIE split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into SPDR Series Trust - S&P Insurance ETF shares, starting with a $10,000 purchase of KIE, presented on a split-history-adjusted basis factoring in the complete KIE split history.

About SPDR Series Trust - S&P Insurance ETF

SPDR S&P Insurance is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The Fund invests in all of the securities represented in the Index in approximately the same proportions as the Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. As of June 30 2015, the Fund's total assets and investment portfolio totaled $392,713,404 and $392,088,762, respectively. According to our KIE split history records, SPDR Series Trust - S&P Insurance ETF has had 1 split.

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