December 22nd - $Ishares U.S. Health Care Providers Etf (IHF.US)$ is about to implement a 5-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from March 7th, 2024.
$Ishares U.S. Health Care Providers Etf (IHF.US)$ rose 1.47% and closed at $260.16 on December 21st with a turnover of $3.46 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.