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Schwab US Broad Market ETF To Carry Out 3-for-1 Stock Split On October 11th, 2024

Moomoo News ·  Sep 26 19:40

September 26th (Eastern Time) - $Schwab US Broad Market ETF (SCHB.US)$ is about to implement a 3-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from October 11th, 2024.

$Schwab US Broad Market ETF (SCHB.US)$ slipped 0.28% and closed at $66.02 on September 25th with a turnover of $36.48 million.


What Is a Stock Split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

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