SPDR Barclays Capital Convertible Securities is an open-end investment management company. The Fund seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S. Convertible Bond Greater Than $500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index. As of June 30 2015, the Fund's total assets and investment porfolio totaled $3,305,372,532 and $3,277,170,099, respectively. We show 71 historical shares outstanding datapoints in our CWB shares outstanding history coverage, used to compute CWB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing CWB market cap history over the course of time is important for investors
interested in comparing CWB'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 CWB versus a peer is one thing; comparing
CWB 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 CWB can fluctuate over the course of history.
With this page we aim to empower investors researching CWB by allowing them to research the CWB market cap history. |
Free CWB Email Alerts:
Video: The Importance of Market Cap
