iShares GNMA Bond is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. GNMA Bond Index (the Index). The Index is a market capitalization-weighted index that measures the performance of mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Oct 31 2015, the Fund's total assets were $87,300,543 and the Fund's investment portfolio was valued at $86,940,147. We show 2 historical shares outstanding datapoints in our GNMA shares outstanding history coverage, used to compute GNMA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GNMA market cap history over the course of time is important for investors
interested in comparing GNMA'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 GNMA versus a peer is one thing; comparing
GNMA 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 GNMA can fluctuate over the course of history.
With this page we aim to empower investors researching GNMA by allowing them to research the GNMA market cap history. |
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Video: The Importance of Market Cap
