When a company such as Invesco S&P MidCap 400 Revenue 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 RWK 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 Invesco S&P MidCap 400 Revenue ETF shares, starting with a $10,000 purchase of RWK, presented on a split-history-adjusted basis factoring in the complete RWK split history.

About Invesco S&P MidCap 400 Revenue ETF

RevenueShares Mid Cap Fund (the Fund) is an open-end management investment company. The Fund seeks to achieve its investment objective of outperforming the total return performance of the S&P MidCap 400 Index (S&P 400) by investing in the constituent securities of the S&P 400 in the same proportions as the RevenueShares Mid Cap Index. RevenueShares Mid Cap Index is constructed using a rules-driven methodology, which re-weights the constituent securities of the S&P 400 according to the revenue earned by the companies in the S&P 400. As of Jun 30 2015, the Fund had total assets of $262,173,442 and investment valued at $252,353,822. According to our RWK split history records, Invesco S&P MidCap 400 Revenue ETF has had 1 split.

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