First Trust Value Line 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 Value Line Dividend Index (the Index). The Index is designed to objectively identify and select those stocks from the universe of stocks, of which Value Line, Inc. gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above-average dividends and capital appreciation. As of Dec 31 2009, the Fund's total assets were $153,895,417 and the Fund's investment portfolio was valued at $153,454,621. We show 719 historical shares outstanding datapoints in our FVD shares outstanding history coverage, used to compute FVD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FVD market cap history over the course of time is important for investors
interested in comparing FVD'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 FVD versus a peer is one thing; comparing
FVD 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 FVD can fluctuate over the course of history.
With this page we aim to empower investors researching FVD by allowing them to research the FVD market cap history. |
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Video: The Importance of Market Cap
