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VanEck has announced a 5-for-1 forward stock split for the VanEck Environmental Services ETF (EVX). The split-adjusted trading will commence on February 6, 2025, with the Fund maintaining its current CUSIP and NYSE Arca ticker symbol. The record date is set for February 4, 2025, with a pay date of February 5, 2025.
The stock split will not affect the overall value of the ETF. The Depository Trust Company (DTC), as the registered owner of all Fund shares, has been notified and instructed to adjust shareholders' investments accordingly. VanEck's decision for the split was based on various factors, including ETF market price, bid-ask spread, and trading volume.