Franklin ETF Trust (the Fund) is an open-end investment company, consisting of one fund, Franklin Short Duration U.S. Government ETF. The Fund seeks to provide a high level of current income as is consistent with prudent investing, while seeking preservation of capital, by investing at least 80% of net assets in securities issued or guaranteed by the U.S. government, its agencies or instrumentalities. As of May 31 2016, the Fund's total assets were $202,540,363 and the Fund's investment portfolio was valued at $200,848,288. We show 1 historical shares outstanding datapoints in our FTSD shares outstanding history coverage, used to compute FTSD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FTSD market cap history over the course of time is important for investors
interested in comparing FTSD'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 FTSD versus a peer is one thing; comparing
FTSD 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 FTSD can fluctuate over the course of history.
With this page we aim to empower investors researching FTSD by allowing them to research the FTSD market cap history. |
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Video: The Importance of Market Cap
