July 14th - $INVESCO EXCHANGE TRADED FD TR S&P 500 EQL WGT UTILS ETF (RSPU.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from July 17th, 2023.
$INVESCO EXCHANGE TRADED FD TR S&P 500 EQL WGT UTILS ETF (RSPU.US)$ rose 0.36% and closed at $113.7602 on July 13th with a turnover of $4.81 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.