SPDR Barclays Capital Mortgage Backed Bond is an open-end investment management company. The Fund's investment objective is to replicate, as closely as possible, the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of the United States Agency mortgage pass-through segment of the United States investment grade bond market. The Fund does not intend to purchase all of the securities in the Index, but rather will utilize a sampling methodology in seeking the Fund's objective. As of June 30 2015, the Fund's total assets and investment porfolio totaled $187,771,759 and $185,029,507, respectively. We show 29 historical shares outstanding datapoints in our MBG shares outstanding history coverage, used to compute MBG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MBG market cap history over the course of time is important for investors
interested in comparing MBG'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 MBG versus a peer is one thing; comparing
MBG 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 MBG can fluctuate over the course of history.
With this page we aim to empower investors researching MBG by allowing them to research the MBG market cap history. |
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Video: The Importance of Market Cap
