ANA BARAULIA
Vanguard, the world’s second-largest issuer of exchange-traded funds, announced stock splits for six of its stock-focused ETFs. The Pennsylvania-based firm, with its assets under management of more than $7 trillion, stated that the stock splits will take effect on March 14, 2023.
Take a look below at the six ETFs that will be split 2 for 1:
- 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: MIRRORS)
- Vanguard S&P Small-Cap 600 Value ETF (NYSEARCA: VIOV)
- Vanguard S&P Small-Cap 600 Growth ETF (VIOG)
From an assets under management standpoint, the six funds together oversee $11.19B of investor capital.
Looking at the year-to-date price action on these ETFs, IVOO is higher by 8.7%. At the same time, IVOV shares are +9.6%IVOG +7.4%MIRRORS +9.2%VII +11%and VIOG shares rose by 7.5%.
For reference, all six exchange-traded funds outperformed the S&P 500 (SP500) in 2023, along with the larger Vanguard fund that reflects the index. The Vanguard S&P 500 ETF (NYSEARCA: VOO) has pushed up 5.5% in the year
In broader financial news, the leading market averages rallied at the start of the trading session on Thursday thanks in part to some solid earnings from chip leader Nvidia.
