94.59
0.80%
+0.75
SPDR Oil & Gas Equipment and Services ETF (XES) Stock Split History
SPDR Oil & Gas Equipment and Services ETF has split its stock once since its initial public offering (IPO). The stock split of SPDR Oil & Gas Equipment and Services ETF occurred on March 30, 2020 on a 1-for-10 basis, meaning that for 10 shares of XES owned pre-split, shareholders then owned 1 share.
This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on SPDR Oil & Gas Equipment and Services ETF's total market capitalization.
This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on SPDR Oil & Gas Equipment and Services ETF's total market capitalization.
XES stock split list
Date | Split Ratio |
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2020-03-30 | 1 - for - 10 |
Will SPDR Oil & Gas Equipment and Services ETF Stock Split in 2024?
The answer will depend on the decisions of the company's managers and market volatility. SPDR Oil & Gas Equipment and Services ETF has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when XES stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by SPDR Oil & Gas Equipment and Services ETF's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.
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