First Trust Consumer Discretionary 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 StrataQuant Consumer Discretionary Index (the Index). The Index is an enhanced index created and administered by the AMEX, which employs the AlphaDEX stock selection methodology to select stocks from the Russell 1000 Index. As of Jul 31 2013, the Fund's total assets were $757,786,025 and the Fund's investment portfolio was valued at $753,254,586. We show 788 historical shares outstanding datapoints in our FXL shares outstanding history coverage, used to compute FXL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing FXL market cap history over the course of time is important for investors
interested in comparing FXL'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 FXL versus a peer is one thing; comparing
FXL 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 FXL can fluctuate over the course of history.
With this page we aim to empower investors researching FXL by allowing them to research the FXL market cap history. |
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Video: The Importance of Market Cap
