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Video: What is a Stock Split?


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The Gabelli Equity Trust is registered as a non-diversified, closed-end management investment company. The Fund's primary objective is long-term growth of capital. As of Dec. 31, 2016, the Fund's total assets were $1,698,701,228 and the Fund's investment portfolio was valued at $1,694,688,765. According to our GAB split history records, Gabelli Equity Trust has had 3 splits.
GAB split history picture
Gabelli Equity Trust (GAB) has 3 splits in our GAB split history database. The first split for GAB took place on July 12, 1999. This was a 11 for 10 split, meaning for each 10 shares of GAB owned pre-split, the shareholder now owned 11 shares. For example, a 1000 share position pre-split, became a 1100 share position following the split. GAB's second split took place on September 17, 2014. This was a 1023 for 1000 split, meaning for each 1000 shares of GAB owned pre-split, the shareholder now owned 1023 shares. For example, a 1100 share position pre-split, became a 1125.3 share position following the split. GAB's third split took place on November 03, 2017. This was a 1008 for 1000 split, meaning for each 1000 shares of GAB owned pre-split, the shareholder now owned 1008 shares. For example, a 1125.3 share position pre-split, became a 1134.3024 share position following the split.

When a company such as Gabelli Equity Trust splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business. Looking at the GAB split history from start to finish, an original position size of 1000 shares would have turned into 1134.3024 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Gabelli Equity Trust shares, starting with a $10,000 purchase of GAB, presented on a split-history-adjusted basis factoring in the complete GAB split history. GAB split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 01/28/2008
End date: 01/26/2018
Start price/share: $8.13
End price/share: $6.64
Starting shares: 1,230.01
Ending shares: 3,677.75
Dividends reinvested/share: $6.13
Total return: 144.20%
Average Annual Total Return: 9.34%
Starting investment: $10,000.00
Ending investment: $24,428.51
Years: 10.00
Growth of $10,000.00
Without Dividends Reinvested

Start date: 01/28/2008
End date: 01/26/2018
Start price/share: $8.13
End price/share: $6.64
Dividends collected/share: $6.13
Total return: 57.04%
Average Annual Total Return: 4.62%
Starting investment: $10,000.00
Ending investment: $15,710.89
Years: 10.00
Date Ratio
07/12/199911 for 10
09/17/20141023 for 1000
11/03/20171008 for 1000
GAB is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:

GABC Split History
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