BlackRock Municipal Income Quality Trust is a diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from United States federal income taxes, including the alternative minimum tax. The Trust seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its managed assets in municipal bonds exempt from United States federal income taxes, including the United States federal alternative minimum tax. We show 1 historical shares outstanding datapoints in our BYM shares outstanding history coverage, used to compute BYM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BYM market cap history over the course of time is important for investors
interested in comparing BYM's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BYM versus a peer is one thing; comparing
BYM market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BYM can fluctuate over the course of history.
With this page we aim to empower investors researching BYM by allowing them to research the BYM market cap history. |
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Video: The Importance of Market Cap
