Vanguard, the world’s second largest exchange traded fund issuer, announced share splits for six of its equity-focused ETFs. The Pennsylvania-based firm, with its more than $7T assets under management, stated that the share splits will be effective on March 14, 2023.
See below the six ETFs that will undergo a 2-for-1 split:
- Vanguard S&P Mid-Cap 400 ETF ( IVOO )
- Vanguard S&P Mid-Cap 400 Value ETF ( IVOV )
- Vanguard S&P Mid-Cap 400 Growth ETF ( NYSEARCA: IVOG )
- Vanguard S&P Small-Cap 600 ETF ( NYSEARCA: VIOO )
- Vanguard S&P Small-Cap 600 Value ETF ( NYSEARCA: VIOV )
- Vanguard S&P Small-Cap 600 Growth ETF ( VIOG )
From an asset under management vantagepoint, the six funds together oversee $11.19B worth of investor capital.
Looking at the year-to-date price action in these ETFs, IVOO is higher by 8.7% . At the same time shares of IVOV are +9.6% , IVOG +7.4% , VIOO +9.2% , VIOV +11% , and shares of VIOG tracked higher by 7.5% .
For reference, all six exchange traded funds have outperformed the S&P 500 ( SP500 ) in 2023, along with Vanguard’s largest fund which mirrors the index. The Vanguard S&P 500 ETF ( NYSEARCA: VOO ) has pushed up 5.5% on the year.
In broader financial news, major market averages pushed higher to start Thursday's trading session thanks in part to some solid earnings from chip bellwether Nvidia.
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Vanguard announces a 2-for-1 split on six equity ETFs