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

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) are scheduled to split on the morning of Friday, October 11th. The 3-1 split was announced on Wednesday, September 25th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, October 10th.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $82.56 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $62.87 and a fifty-two week high of $83.69. The company has a market capitalization of $11.83 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm has a 50-day simple moving average of $80.35 and a 200-day simple moving average of $79.35.

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

Hedge funds have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,509 shares of the company’s stock valued at $1,181,000 after acquiring an additional 126 shares during the period. Fairman Group LLC grew its stake in Schwab U.S. Mid-Cap ETF by 6.9% in the 2nd quarter. Fairman Group LLC now owns 1,965 shares of the company’s stock worth $153,000 after acquiring an additional 127 shares during the period. Cornerstone Wealth Management LLC grew its stake in Schwab U.S. Mid-Cap ETF by 1.2% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,166 shares of the company’s stock worth $869,000 after acquiring an additional 130 shares during the period. Waterfront Wealth Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 0.6% in the 2nd quarter. Waterfront Wealth Inc. now owns 22,529 shares of the company’s stock worth $1,753,000 after acquiring an additional 130 shares during the period. Finally, RFG Advisory LLC grew its stake in Schwab U.S. Mid-Cap ETF by 3.6% in the 2nd quarter. RFG Advisory LLC now owns 4,012 shares of the company’s stock worth $312,000 after acquiring an additional 141 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.