iShares Morningstar Mid-Cap is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance of the Morningstar Mid Core Index (the Core Index). The Core Index measures the performance of stocks issued by mid-capitalization companies that have exhibited average growth and value characteristics as determined by Morningstar's index methodology. As of Apr 30 2015, the Fund's total assets were $547,016,752 and the Fund's investment portfolio was valued at $546,709,945. We show 33 historical shares outstanding datapoints in our IMCB shares outstanding history coverage, used to compute IMCB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IMCB market cap history over the course of time is important for investors
interested in comparing IMCB'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 IMCB versus a peer is one thing; comparing
IMCB 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 IMCB can fluctuate over the course of history.
With this page we aim to empower investors researching IMCB by allowing them to research the IMCB market cap history. |
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Video: The Importance of Market Cap
