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BNY Announces ETF Share Splits
NEW YORK--(BUSINESS WIRE)--BNY Mellon ETF Investment Adviser, LLC today announced that five of their ETFs will undergo forward share splits at a ratio of 3-for-1. A forward share split increases an ETF's number of shares outstanding while decreasing its Net Asset Value ("NAV") per share accordingly. The total value of a shareholder's investment will remain unchanged.
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