Vanguard ETF Splits Take Effect: What Lower Prices for VGT, VUG, MGK, VOOG and VO Mean Now
Vanguard’s five scheduled ETF share splits have taken effect, and by Wednesday morning, several of its largest equity funds were each trading under $103 per share. As of late morning in New York, VGT was at $102.24, VUG stood at $82.59, MGK hit $83.55, while VOOG traded at $77.16 and VO at $76.68. This change cuts the cash outlay required for a single share right when split-adjusted trading kicks in. According to Vanguard, it weighs factors like market price, bid-ask spread, and trading volume to determine if a split might benefit investors.