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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock is scheduled to split on Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly minted shares will be distributed to shareholders after the market closes on Thursday, October 10th.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $83.03 on Monday. Schwab U.S. Mid-Cap ETF has a 52-week low of $62.87 and a 52-week high of $83.69. The company has a fifty day moving average of $80.27 and a 200-day moving average of $79.32. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Institutional investors have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 75.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at about $30,000. Valued Wealth Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 3,900.0% in the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after buying an additional 390 shares in the last quarter. Finally, Institutional & Family Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 500.0% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock valued at $34,000 after purchasing an additional 360 shares during the period.

Schwab U.S. Mid-Cap ETF Company Profile

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.