Vanguard To Reverse Split Its S&P 500 ETF

Vanguard, the third-largest U.S. ETF sponsor, said it will reverse split the Vanguard S&P 500 ETF (NYSE: VOO ) on a one-for-two basis. VOO will begin trading on a split adjusted basis on October 24, 2013, said Vanguard in a statement. Vanguard expects the split to lower the overall transaction