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Ishares Trust U.S. Pharmaceuticals Etf To Carry Out 3-for-1 Stock Split On March 7th, 2024

moomoo News ·  Dec 21, 2023 19:50

December 22nd - $Ishares Trust U.S. Pharmaceuticals Etf (IHE.US)$ is about to implement a 3-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from March 7th, 2024.

$Ishares Trust U.S. Pharmaceuticals Etf (IHE.US)$ rose 1.21% and closed at $181.6388 on December 21st with a turnover of $1.58 million.


What Is a Stock Split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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