Investing

When ETFs Have Stock Splits (TQQQ, URTY, UMDD, UPRO)

Investors love stock splits.  Occasionally you actually see stock splits occur in Exchange Traded Funds.  These splits technically do not change the compositions or the price mechanisms, but they may drive liquidity as ETF prices get too high.  ProShares is taking some of its leveraged and high-performing ETFa and splitting these as the prices have approached $200.00 and higher.

ProShares UltraPro S&P500 (NASDAQ: TQQQ), ProShares UltraPro Russell2000 (NASDAQ: URTY), and ProShares UltraPro MidCap400 (NYSE: UMDD) are all splitting 2 for 1 due to their share prices being so high.  The ProShares UltraPro S&P500 (NASDAQ: UPRO) are close to $250.00, so this ETF is going to split 3 for 1.

All splits will apply to shareholders of record at the close of the markets on February 22, 2011, payable after the close of the markets on February 24, 2011. The funds will trade at their post-split prices on February 25, 2011.

What else is there to say?

JON C. OGG

Sponsored: Want to Retire Early? Here’s a Great First Step

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.