iShares High Dividend 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 Morningstar Dividend Yield Focus Index SM (the Index). The Index measures the performance of a selected group of U.S. equity securities in the Morningstar U.S. Market Index that have provided relatively high dividend yields on a consistent basis and have been screened for superior company quality and financial health as determined by Morningstar's proprietary index methodology. As of Apr 30 2015, the Fund's total assets totaled $4,883,356,726 and investment portfolio totaled $4,858,442,904. We show 685 historical shares outstanding datapoints in our HDV shares outstanding history coverage, used to compute HDV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HDV market cap history over the course of time is important for investors
interested in comparing HDV'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 HDV versus a peer is one thing; comparing
HDV 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 HDV can fluctuate over the course of history.
With this page we aim to empower investors researching HDV by allowing them to research the HDV market cap history. |
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Video: The Importance of Market Cap
