Market Vectors Lehman Brothers High-Yield Municipal ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Barclays Municipal Custom High Yield Composite Index. The fund normally invests at least 80% of its total assets in securities that comprise the benchmark index. The High Yield Index is comprised of publicly traded municipal bonds that cover the U.S. dollar denominated high yield long-term tax-exempt bond market. As of Apr 30 2013, the Fund's total assets were $1,135,205,316 and its investment portfolio was valued at $1,115,722,564. We show 254 historical shares outstanding datapoints in our HYD shares outstanding history coverage, used to compute HYD market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing HYD market cap history over the course of time is important for investors
interested in comparing HYD'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 HYD versus a peer is one thing; comparing
HYD 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 HYD can fluctuate over the course of history.
With this page we aim to empower investors researching HYD by allowing them to research the HYD market cap history. |
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Video: The Importance of Market Cap
