iShares U.S. Basic Materials 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. Basic Materials Index (the Index). The Index measures the performance of the basic materials sector of the United States equity market. The Index includes companies in industry groups, such as chemicals, forestry and paper, industrial metals and mining. As of Apr 30 2015, the Fund's total assets and investment portfolio totaled $501,702,619 and $501,396,095, respectively. We show 867 historical shares outstanding datapoints in our IYM shares outstanding history coverage, used to compute IYM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing IYM market cap history over the course of time is important for investors
interested in comparing IYM'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 IYM versus a peer is one thing; comparing
IYM 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 IYM can fluctuate over the course of history.
With this page we aim to empower investors researching IYM by allowing them to research the IYM market cap history. |
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Video: The Importance of Market Cap
