SPDR S&P MidCap 400 ETF is a unit investment trust. The Trust seeks to match the total return of the Standard & Poor's Midcap 400 Composite Price Index (the S&P MidCap Index). The Trust's holdings are comprised of the 400 stocks in the S&P MidCap 400 Index, which is designed to capture the price performance of the middle capitalization segment of the United States publicly traded stock market. As of Sept 30 2009, the Trust's total assets were $8,073,352,692 and the Trust's investment portfolio was valued at $7,938,335,918. We show 88 historical shares outstanding datapoints in our MDY shares outstanding history coverage, used to compute MDY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MDY market cap history over the course of time is important for investors
interested in comparing MDY'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 MDY versus a peer is one thing; comparing
MDY 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 MDY can fluctuate over the course of history.
With this page we aim to empower investors researching MDY by allowing them to research the MDY market cap history. |
Free MDY Email Alerts:
Video: The Importance of Market Cap
