Broadcom completes 10-for-1 stock split, maintaining its position as largest holding in Vanguard Value ETFs.
Broadcom's 10-for-1 stock split has completed, reducing the share price to $171. Despite the split, it remains the largest holding in Vanguard Value ETF and Mega Cap Value ETF. Broadcom, an infrastructure software and solutions company, benefits from AI model needs and is expected to generate $51B in revenue and $31.1B in adjusted EBITDA in FY22. The Vanguard ETFs have low P/E ratios, high yields, and a lower expense ratio.
July 21, 2024
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