First Trust Developed Markets ex-US AlphaDEX Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Defined Developed Markets Ex-US Index (the Index). The Index employs the AlphaDEX stock selection methodology which uses fundamental growth and value factors to objectively select stocks from the S&P Developed Markets Ex-US BMI Index which may generate positive alpha relative to traditional passive indices. As of Dec 31 2013, the Fund's total assets were $152,051,769 and the Fund's investment portfolio was valued at $151,877,424. We show 182 historical shares outstanding datapoints in our FJP shares outstanding history coverage, used to compute FJP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FJP market cap history over the course of time is important for investors
interested in comparing FJP'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 FJP versus a peer is one thing; comparing
FJP 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 FJP can fluctuate over the course of history.
With this page we aim to empower investors researching FJP by allowing them to research the FJP market cap history. |
Free FJP Email Alerts:
Video: The Importance of Market Cap
