VanEck has announced that the Board of Trustees of VanEck Trust has approved a 2-for-1 forward stock split for the VanEck Semiconductor ETF (SMH) on May 4, 2023. This means that investors owning shares of the Fund as of the close of trading on May 3, 2023, will have their shares included in the stock split. The Fund will retain the same CUSIP and continue to trade on The NASDAQ Stock Market, Inc. under the same ticker symbol.
ETF Newz Says:
The stock split will have no impact on the overall value of the ETF or the market value of an investor's holdings of the ETF, and it will not trigger any tax consequences. VanEck periodically assesses its ETF lineup to determine when and where share splits would most benefit investors based on factors like ETF market price, bid-ask spread, and trading volume.
