| SPDR S&P Bank is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts. The Fund invests all, but at least 80%, of its total assets in the securities consisting of the Index. As of June 30 2015, the Fund's total assets and investment portfolio totaled $3,316,000,075 and $3,311,038,085, respectively. We show 301 historical shares outstanding datapoints in our KBE shares outstanding history coverage, used to compute KBE market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KBE market cap history over the course of time is important for investors
interested in comparing KBE'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 KBE versus a peer is one thing; comparing
KBE 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 KBE can fluctuate over the course of history.
With this page we aim to empower investors researching KBE by allowing them to research the KBE market cap history.