Some iShares ETFs Are Calling It Splits

Barclays Global Investors has announced they are splitting shares amongst 10% of their exchange traded fund (ETF) line, iShares.

There are more than 160 U.S.-based products within this fund family, and they represent $327 billion in assets as of early May, reports Hannah Glover for Ignites.

As of late Friday, all but two of the ETFs were trading at $100 per share or higher. July 24th is the magic date when shares for 16 ETFs will start trading at a split-adjusted rate. Shareholders on record as of July 21 will see the adjusted number of shares in their brokerage account change as of July 28. these spits range form a 2-for-1 to a 10-for-1 according to the product.

Share splits will lower the price of shares to make them more accessible for individual investors and offer more liquidity to investors. It’s mostly a psychological move that’s merely a sign of success for an ETF or stock. Most stocks and ETFs prefer to trade under $100 to help them retain their attractiveness.

The shares splitting are:

iShares Silver Trust	SLV	10-for-1
iShares S&P Latin America 40	ILF	5-for-1
iShares FTSE/Xinhua China 25	FXI	3-for-1
iShares MSCI Emerging Markets	EEM	3-for-1
iShares MSCI Pacific ex-Japan Index Fund	EPP	3-for-1
iShares Russell Midcap Value Index Fund	IWS	3-for-1
iShares S&P Global Energy Sector Index Fund	IXC	3-for-1
iShares S&P North American Natural Resources Sector	IGE	3-for-1
iShares Dow Jones Energy Sector Fund	IYE	3-for-1
iShares S&P SmallCap 600 Growth	IJT	2-for-1
iShares S&P 1500	ISI	2-for-1
iShares MSCI South Africa	EZA	2-for-1
iShares S&P/TOPIX 150	ITF	2-for-1
iShares MSCI EMU	EZU	2-for-1
iShares Russell Midcap Growth	IWP	2-for-1
iShares S&P Europe 350	IEV	2-for-1