Vanguard Information Technology ETF to Split Shares on April 17
The Vanguard Information Technology ETF (NYSEMKT: VGT) will undergo an 8-for-1 share split on April 17, 2023, aimed at making its shares more accessible to a broader range of investors. Currently priced around $700, this split will adjust the price to approximately $85 per share, helping to eliminate the psychological barrier associated with high share prices.
In the last three years, this ETF has experienced significant growth, soaring 136%. However, it has seen a slight decline of 6% since the start of 2023. The split will take effect on April 21, when the fund will begin trading at the adjusted price.
Investors interested in acquiring shares before the split should do so by the record date, but it’s important to note that the fundamental value of the ETF will remain unchanged post-split. Vanguard’s move aligns with a strategy to enhance liquidity and investor interest.
