First Trust Mid Cap Value AlphaDEX 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 Defined Mid Cap Value Index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400® Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology. As of Jul 31 2013, the Fund's total assets were $24,194,140 and the Fund's investment portfolio was valued at $21,302,701. We show 81 historical shares outstanding datapoints in our FMK shares outstanding history coverage, used to compute FMK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FMK market cap history over the course of time is important for investors
interested in comparing FMK'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 FMK versus a peer is one thing; comparing
FMK 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 FMK can fluctuate over the course of history.
With this page we aim to empower investors researching FMK by allowing them to research the FMK market cap history. |
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Video: The Importance of Market Cap
