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Video: What is a Stock Split?
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Schwab Strategic Trust is a no-load, open-end management investment company. The trust seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index. According to our SCHB split history records, Schwab Strategic Trust - US Broad Market ETF has had 1 split. | |
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Schwab Strategic Trust - US Broad Market ETF (SCHB) has 1 split in our SCHB split history database. The split for SCHB took place on March 11, 2022. This was a 2 for 1 split, meaning for each share of SCHB owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as Schwab Strategic Trust - US Broad Market ETF splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the SCHB split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Schwab Strategic Trust - US Broad Market ETF shares, starting with a $10,000 purchase of SCHB, presented on a split-history-adjusted basis factoring in the complete SCHB split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$22.81 |
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End price/share: |
$58.60 |
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Starting shares: |
438.40 |
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Ending shares: |
520.36 |
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Dividends reinvested/share: |
$6.18 |
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Total return: |
204.93% |
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Average Annual Total Return: |
11.80% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$30,498.98 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
04/29/2014 |
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End date: |
04/25/2024 |
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Start price/share: |
$22.81 |
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End price/share: |
$58.60 |
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Dividends collected/share: |
$6.18 |
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Total return: |
183.98% |
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Average Annual Total Return: |
11.00% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$28,386.09 |
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Years: |
10.00 |
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Date |
Ratio |
03/11/2022 | 2 for 1 |
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