| PowerShares KBW Bank Portfolio is an open-end management investment company. The Fund seeks investment results that generally correspond (before fees and expenses) to the price and yield of the KBW Bank Index (the "Index"). The Fund generally will invest at least 90% of its total assets in securities of national money centers (which are banks with more than $50 billion in assets and that have a branch network across geographic regions) and regional banks and thrifts that are listed on a U.S. national securities exchange and that comprise the Index. As of Oct 31 2013, the Fund's total assets were $153,578,476 and the Fund's investment portfolio was valued at $153,493,821. We show 1 historical shares outstanding datapoints in our KBWB shares outstanding history coverage, used to compute KBWB market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KBWB market cap history over the course of time is important for investors
interested in comparing KBWB'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 KBWB versus a peer is one thing; comparing
KBWB 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 KBWB can fluctuate over the course of history.
With this page we aim to empower investors researching KBWB by allowing them to research the KBWB market cap history.