First Trust Dow Jones STOXX European Select Dividend Index Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones STOXX Select Dividend 30 Index (the Index). The Index is a dividend weighted index of 30 stocks selected from the Dow Jones STOXX 600 Index, which includes high-dividend yielding companies across 18 European countries. As of Sept 30 2009, the Fund's total assets were $8,407,457 and the Fund's investment portfolio was valued at $8,307,400. We show 10 historical shares outstanding datapoints in our FDD shares outstanding history coverage, used to compute FDD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FDD market cap history over the course of time is important for investors
interested in comparing FDD'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 FDD versus a peer is one thing; comparing
FDD 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 FDD can fluctuate over the course of history.
With this page we aim to empower investors researching FDD by allowing them to research the FDD market cap history. |
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Video: The Importance of Market Cap
