ETF Odds & Ends: IAU Share Split & More

March 09, 2021

There were a number of developments in the ETF space during the past few weeks ended March 5, including share splits, expense ratio changes and name changes, as well as several launches in addition to the ones we already covered.

Share Splits
Perhaps most interesting, iShares announced that its $28 billion iShares Gold Trust (IAU) will undergo a 1-for-2 reverse split, effective May 24.

Meanwhile, on March 3, five Direxion ETFs underwent splits. These included the Direxion Daily Financial Bear 3X Shares (FAZ) and the Direxion Daily Small Cap Bear 3X Shares (TZA) both undergoing 1-for-8 reverse splits. Three others underwent forward splits as follows:

Expense Ratio Changes

Effective March 1, expense ratios changed for a number of ETFs offered by multiple issuers. The changes affected six ETFs and are as follows:

Meanwhile, a range of ETFs offered by Invesco and Davis saw changes to their expense ratios become effective on Feb. 26. Those changes are as follows:

Find your next ETF

Reset All