iShares U.S. Medical Devices is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Medical Equipment Index (the Index). The Index measures the performance of the medical equipment sector of the United States equity market, and includes medical equipment companies, such as manufacturers and distributors of medical devices, such as magnetic resonance imaging scanners, prosthetics, pacemakers, x-ray machines, and other non-disposable medical devices. As of Apr 30 2015, the Fund's total assets were $790,437,469 and the Fund's investment portfolio was valued at $790,000,543. We show 380 historical shares outstanding datapoints in our IHI shares outstanding history coverage, used to compute IHI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IHI market cap history over the course of time is important for investors
interested in comparing IHI'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 IHI versus a peer is one thing; comparing
IHI 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 IHI can fluctuate over the course of history.
With this page we aim to empower investors researching IHI by allowing them to research the IHI market cap history. |
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Video: The Importance of Market Cap
