SPDR Barclays Capital Intermediate Term Treasury is an open-end investment management company. The Fund seeks to provide investment results that correspond to the price and yield performance Barclays Capital Intermediate U.S. Treasury Index (the Index). The Index includes all publicly issued, United States treasury securities that have a remaining maturity of greater than or equal to 1 year and less than 10 years, are rated investment grade, and have $250 million or more of outstanding face value. As of June 30 2015, the Fund's total assets and investment porfolio totaled $308,841,580 and $306,539,180, respectively. We show 24 historical shares outstanding datapoints in our ITE shares outstanding history coverage, used to compute ITE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ITE market cap history over the course of time is important for investors
interested in comparing ITE'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 ITE versus a peer is one thing; comparing
ITE 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 ITE can fluctuate over the course of history.
With this page we aim to empower investors researching ITE by allowing them to research the ITE market cap history. |
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Video: The Importance of Market Cap
