When a company such as Harbor Scientific Alpha Income Etf conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the SIFI split history from start to finish, an original position size of 1000 shares would have turned into 898 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Harbor Scientific Alpha Income Etf shares, starting with a $10,000 purchase of SIFI, presented on a split-history-adjusted basis factoring in the complete SIFI split history.

About Harbor Scientific Alpha Income Etf

SI Financial Group is a bank holding company. Through its subsidiary, Savings Institute Bank and Trust Company (the Bank), Co. provides a range of financial services to consumers and businesses in its market area, including life insurance and annuities. The Bank accepts deposits from the general public and uses those funds to originate one- to four-family residential, multi-family and commercial real estate, commercial business and consumer loans. The Bank also purchases commercial business loans, including loans fully guaranteed by the Small Business Administration and the U.S. Department of Agriculture. In addition, the Bank provides remote capture products and money market accounts. According to our SIFI split history records, Harbor Scientific Alpha Income Etf has had 1 split.

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