VanEck Announces Change to ETF Product Line
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.
VanEck ha annunciato un split azionario 5-per-1 per l'ETF VanEck Environmental Services (EVX). Le contrattazioni adeguate allo split inizieranno il 6 febbraio 2025, con il Fondo che manterrà il suo attuale CUSIP e simbolo ticker NYSE Arca. La data di registrazione è fissata per il 4 febbraio 2025, con una data di pagamento del 5 febbraio 2025.
Lo split azionario non influenzerà il valore complessivo dell'ETF. La Depository Trust Company (DTC), in quanto proprietario registrato di tutte le azioni del Fondo, è stata informata e incaricata di regolare gli investimenti degli azionisti di conseguenza. La decisione di VanEck per lo split si basa su vari fattori, tra cui il prezzo di mercato dell'ETF, lo spread tra domanda e offerta, e il volume di scambi.
VanEck ha anunciado un split de acciones 5 por 1 para el ETF de Servicios Ambientales VanEck (EVX). El comercio ajustado por el split comenzará el 6 de febrero de 2025, y el Fondo mantendrá su actual CUSIP y símbolo en la bolsa de NYSE Arca. La fecha de registro está establecida para el 4 de febrero de 2025, con una fecha de pago del 5 de febrero de 2025.
El split de acciones no afectará el valor total del ETF. La Depository Trust Company (DTC), como propietaria registrada de todas las acciones del Fondo, ha sido notificada e instruida para ajustar las inversiones de los accionistas en consecuencia. La decisión de VanEck sobre el split se basó en varios factores, incluyendo el precio de mercado del ETF, el diferencial entre las órdenes de compra y venta, y el volumen de negociaciones.
VanEck이 5 대 1 주식 분할을 VanEck 환경 서비스 ETF (EVX)에 대해 발표했습니다. 분할 조정 거래는 2025년 2월 6일에 시작되며, 펀드는 현재의 CUSIP 및 NYSE Arca 티커 기호를 유지합니다. 기록일자는 2025년 2월 4일로 설정되어 있으며, 지급일자는 2025년 2월 5일입니다.
주식 분할은 ETF의 전체 가치는 변경하지 않습니다. 모든 펀드 주식의 등록 소유자인 예탁신탁회사(DTC)는 알림을 받고 주주들의 투자 조정을 지시받았습니다. VanEck의 분할 결정은 ETF 시장 가격, 매도-매수 스프레드 및 거래량 등의 다양한 요소에 기반하여 이루어졌습니다.
VanEck a annoncé un fractionnement d'actions 5 pour 1 pour le VanEck Environmental Services ETF (EVX). La négociation ajustée pour le fractionnement commencera le 6 février 2025, le Fonds conservant son CUSIP et son symbole de ticker NYSE Arca actuels. La date d'enregistrement est fixée au 4 février 2025, avec une date de paiement du 5 février 2025.
Le fractionnement d'actions n'affectera pas la valeur totale de l'ETF. La Depository Trust Company (DTC), en tant que propriétaire enregistré de toutes les actions du Fonds, a été informée et chargée d'ajuster les investissements des actionnaires en conséquence. La décision de VanEck concernant le fractionnement a été fondée sur divers facteurs, notamment le prix de marché de l'ETF, l'écart entre l'offre et la demande, et le volume des échanges.
VanEck hat einen 5-zu-1 Aktien-Split für den VanEck Environmental Services ETF (EVX) angekündigt. Der handel nach dem Split startet am 6. Februar 2025, wobei der Fonds sein aktuelles CUSIP und das Börsensymbol NYSE Arca beibehält. Das Stichtagsdatum ist auf den 4. Februar 2025 festgelegt, mit einem Auszahlungstermin am 5. Februar 2025.
Der Aktien-Split wird den Gesamtwert des ETFs nicht beeinträchtigen. Die Depository Trust Company (DTC), als eingetragene Eigentümerin aller Fondsanteile, wurde benachrichtigt und angewiesen, die Investitionen der Aktionäre entsprechend anzupassen. Die Entscheidung von VanEck für den Split basierte auf verschiedenen Faktoren, darunter der Marktpreis des ETFs, der Geld-Brief-Spanne und das Handelsvolumen.
- Stock split could improve trading liquidity and accessibility for retail investors
- ETF maintains same ticker and CUSIP, ensuring trading continuity
- None.
Insights
The announced 5-for-1 split of VanEck's Environmental Services ETF (EVX) represents a strategic move to enhance market accessibility and trading efficiency. While the split doesn't change the fund's total value, it carries several meaningful implications for market participants:
Trading Dynamics Impact: By multiplying the number of shares by 5 while proportionally reducing the share price, the split should tighten bid-ask spreads and boost trading volume. This typically results in improved liquidity - particularly beneficial for retail investors who may have found the pre-split share price prohibitive.
Market Psychology: ETF splits often signal management's confidence in growth prospects and can attract new investors through the psychological appeal of a lower per-share price point. This is especially relevant for environmental services exposure, given the sector's growing importance in ESG portfolios.
Technical Considerations: The clear timeline (Record Date: 2/4/2025, Pay Date: 2/5/2025, Ex-Date: 2/6/2025) allows for smooth operational execution. VanEck's methodical approach to splits, based on market price, spreads and volume, suggests this move is part of a broader strategy to optimize their ETF lineup for investor accessibility.
While the split is primarily technical in nature, it could lead to increased retail participation and potentially higher trading volumes in this environmental services focused fund, though investors should note that the fundamental investment thesis and underlying holdings remain unchanged.
Shares of the Fund will begin trading on the split-adjusted basis at market open on February 6, 2025. The Fund will retain the same CUSIP and continue to trade on The NYSE Arca Exchange under the same ticker symbol, as set forth below. There will be no impact on the overall value of the ETF. The Depository Trust Company (“DTC”), the registered owner of all Fund shares, has been notified of the split and has been instructed to adjust each shareholder’s investment accordingly.
Fund Name |
Ticker |
CUSIP |
Split Ratio |
VanEck Environmental Services ETF |
EVX |
92189F304 |
5:1 |
Record Date |
Pay Date |
Ex-Date |
2/4/2025 |
2/5/2025 |
2/6/2025 |
VanEck periodically assesses its ETF lineup to determine when and where share splits would most benefit investors. A number of factors are considered, including ETF market price, bid-ask spread and trading volume.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first
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Important Disclosures
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information herein represents the opinion of the author(s), but not necessarily those of VanEck, and these opinions may change at any time. Non-VanEck proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Any graphs shown herein are for illustrative purposes only.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in the semiconductor industry, equity securities, special risk considerations of investing in Asian, European and Taiwanese issuers, foreign securities, emerging market issuers, foreign currency, depositary receipts, medium-capitalization companies, issuer-specific changes, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified, and industry concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Medium-capitalization companies may be subject to elevated risks.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.
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Chris Sullivan
Craft & Capital
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Source: VanEck
FAQ
What is the split ratio for VanEck Environmental Services ETF (EVX)?
When will EVX begin trading on a split-adjusted basis?
What is the record date for the EVX stock split?
Will the EVX stock split affect the overall value of shareholders' investments?
Will EVX change its ticker symbol after the stock split?
