Schwab U.S. Mid-Cap ETF Stock to Split on Friday, October 11th (NYSEARCA:SCHM)

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) shares are going to split on Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly minted shares will be payable to shareholders after the closing bell on Thursday, October 10th.

Schwab U.S. Mid-Cap ETF Trading Up 0.2 %

NYSEARCA SCHM opened at $82.56 on Wednesday. The company has a fifty day simple moving average of $80.35 and a two-hundred day simple moving average of $79.35. The stock has a market cap of $11.83 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $62.87 and a 12-month high of $83.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $25,000. EverSource Wealth Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 75.9% during the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock valued at $26,000 after buying an additional 148 shares during the period. Chilton Capital Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at $30,000. Valued Wealth Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 3,900.0% during the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after buying an additional 390 shares during the period. Finally, Institutional & Family Asset Management LLC grew its position in Schwab U.S. Mid-Cap ETF by 500.0% during the second quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 360 shares during the period.

About Schwab U.S. Mid-Cap ETF

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The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.

Further Reading

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