Financial ETFs Take Citigroup Reverse Split in Stride
May 10, 2011 at 15:00 PM EDT
Citigroup’s (NYSE: C) 10-for-1 reverse share split has dramatically reduced overall trading volume in the U.S. stock market, but it turned out to be a nonevent for exchange traded funds tracking the financial sector and banks. Citi’s reverse split and plans to pay a dividend are partly designed to...