Abrdn Precious Metals Basket ETF Trust is an investment trust. The Trust holds gold, silver, platinum and palladium in set ratios (together, Bullion) and issues Aberdeen Standard Physical Precious Metals Basket Shares ETF in minimum blocks of 50,000 Shares (also referred to as Baskets) in exchange for deposits of Bullion and distributes Bullion in connection with the redemption of Baskets. The investment objective of the Trust is for the shares to reflect the performance of the price of physical gold, silver, platinum and palladium in the proportions held by the Trust, less the expenses of the Trust's operations. We show 12 historical shares outstanding datapoints in our GLTR shares outstanding history coverage, used to compute GLTR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GLTR market cap history over the course of time is important for investors
interested in comparing GLTR'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 GLTR versus a peer is one thing; comparing
GLTR 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 GLTR can fluctuate over the course of history.
With this page we aim to empower investors researching GLTR by allowing them to research the GLTR market cap history. |
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Video: The Importance of Market Cap
