John Hancock Income Securities Trust is a closed-end management investment company. The Fund's investment objective is to generate a high level of current income consistent with prudent investment risk. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in income securities, consisting of the following: marketable corporate debt securities, governmental obligations and cash and commercial paper. We show 2 historical shares outstanding datapoints in our JHS shares outstanding history coverage, used to compute JHS market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing JHS market cap history over the course of time is important for investors
interested in comparing JHS'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 JHS versus a peer is one thing; comparing
JHS 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 JHS can fluctuate over the course of history.
With this page we aim to empower investors researching JHS by allowing them to research the JHS market cap history. |
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Video: The Importance of Market Cap
