When a company such as Invesco Exchange-Traded Fund Trust - Dorsey Wright Financial Momentum 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 PFI split history from start to finish, an original position size of 1000 shares would have turned into 1100 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Invesco Exchange-Traded Fund Trust - Dorsey Wright Financial Momentum ETF shares, starting with a $10,000 purchase of PFI, presented on a split-history-adjusted basis factoring in the complete PFI split history.

About Invesco Exchange-Traded Fund Trust - Dorsey Wright Financial Momentum ETF

PowerShares Dynamic Financial Sector Portfolio is an open-end management investment company. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dynamic Financial Sector Intellidexsm Index. The underlying intellidex was comprised of common stocks of 60 U.S. financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. As of Apr 30 2013, the Fund's total assets were $22,774,714 and the Fund's investments portfolio was valued at $20,408,766. According to our PFI split history records, Invesco Exchange-Traded Fund Trust - Dorsey Wright Financial Momentum ETF has had 1 split.

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