ETFdb Logo
  • ETF Database
  • Channels
    • Themes
      • Active ETF
      • Alternatives Channel
      • Artificial Intelligence
      • China Insights
      • Climate Insights
      • Core Strategies
      • Crypto
      • Disruptive Technology
      • Energy Infrastructure
      • ETF Building Blocks
      • ETF Education
      • ETF Investing
      • ETF Strategist
      • Faith-Based Investing
      • Financial Literacy
      • Fixed Income
      • Free Cash Flow
      • Innovative ETFs
      • Invest Beyond Cash
      • Leveraged & Inverse
      • Modern Alpha
      • Portfolio Strategies
      • Tax Efficient Income
    • Asset Class
      • Equity
        • U.S. Equity
        • Int'l Developed
        • Emerging Market Equities
      • Alternatives
        • Gold/Silver/Critical Materials
        • Crypytocurrency
        • Currency
        • Volatility
      • Fixed Income
        • Investment Grade Corporates
        • US Treasuries & TIPS
        • High Yield Corporates
        • Int'l Fixed Income
    • ETF Ecosystem
    • ETFs in Canada
    • Market Outlook
    • Crypto ETF Hub
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Database Categories
    • Indexes
    • Scenario Analysis
    • Watchlists
    • Head-To-Head ETF Comparison Tool
    • Mutual Fund To ETF Converter
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • Gaining Perspective Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Innovative ETFs Channel
  2. Invesco Executes Share Splits: What Does This Mean?
Innovative ETFs Channel
Share

Invesco Executes Share Splits: What Does This Mean?

Elle Caruso FitzgeraldJul 14, 2023
2023-07-14

Invesco is executing share splits for several funds in its range of equity ETFs.

The Atlanta-headquartered firm is executing forward splits for 23 funds and reverse splits for three funds, impacting some of the firm’s largest ETFs. The funds will effect the share splits after market close on July 14, with trading beginning on a split-adjusted basis on July 17.

Some of the largest funds included in the share splits are the Invesco FTSE RAFI US 1000 ETF (PRF A-), which is Invesco’s fifth-largest ETF with $6.2 billion in assets, the Invesco S&P 500 Equal Weight Technology ETF (RSPT B+), and the Invesco S&P 500® Top 50 ETF (XLG B+).

Importantly, the total value of one’s investments in these ETFs will not change, but the total number of shares owned will change.

See more: Under the Hood of the 2 Top-Performing Factors YTD

In a forward split, existing holders of the ETF will see an addition to the number of the ETF’s shares outstanding and a decrease in the fund’s price per share.

Conversely, in a reverse split, investors holding the ETF will see a reduction in the number of the ETF’s shares outstanding and a proportionate increase in the fund’s price per share.

Share splits are a useful tool for fund issuers to keep an ETF’s price in a convenient trading price range. Forward share splits keep the fund competitive by reducing the share price if it gets too high, whereas reverse splits are used to raise the value of an individual share.

The full list of share splits being executed is listed below.

Forward Splits

  • Invesco NASDAQ Internet ETF (PNQI): 5 for 1
  • Invesco FTSE RAFI US 1000 ETF (PRF): 5 for 1
  • Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ): 5 for 1
  • Invesco S&P SmallCap Consumer Staples ETF (PSCC): 3 for 1
  • Invesco S&P SmallCap Health Care ETF (PSCH): 3 for 1
  • Invesco S&P SmallCap Information Technology ETF (PSCT): 3 for 1
  • Invesco Dynamic Semiconductors ETF (PSI): 3 for 1
  • Invesco Dynamic Software ETF (PSJ): 3 for 1
  • Invesco DWA Technology Momentum ETF (PTF): 3 for 1
  • Invesco DWA Healthcare Momentum ETF (PTH): 3 for 1
  • Invesco Dynamic Market ETF (PWC): 3 for 1
  • Invesco S&P MidCap 400 Pure Growth ETF (RFG): 5 for 1
  • Invesco S&P 500 Pure Growth ETF (RPG): 5 for 1
  • Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD): 3 for 1
  • Invesco S&P 500 Equal Weight Health Care ETF (RSPH): 10 for 1
  • Invesco S&P 500 Equal Weight Materials ETF (RSPM): 5 for 1
  • Invesco S&P 500 Equal Weight Industrials ETF (RSPN): 5 for 1
  • Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS): 5 for 1
  • Invesco S&P 500 Equal Weight Technology ETF (RSPT): 10 for 1
  • Invesco S&P 500 Equal Weight Utilities ETF (RSPU): 2 for 1
  • Invesco S&P SmallCap 600 Revenue ETF (RWJ): 3 for 1
  • Invesco S&P SmallCap 600 Pure Growth ETF (RZG): 3 for 1
  • Invesco S&P 500 Top 50 ETF (XLG): 10 for 1

Content continues below advertisement

Reverse Splits

  • Invesco S&P SmallCap Energy ETF (PSCE): 1 for 5
  • Invesco Global Listed Private Equity ETF (PSP): 1 for 5
  • Invesco Dynamic Oil & Gas Services ETF (PXJ): 1 for 5

For more news, information, and analysis, visit the Innovative ETFs Channel.

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2025 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X