SPDR S&P 400 Mid Cap Growth is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Mid Cap 400 Growth Index. The selection universe for the S&P MidCap 400 Index includes all the United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations between $850 million and $3.8 billion. As of June 30 2015, the Fund's total assets and investment portfolio totaled $263,149,345 and $260,246,707 respectively. We show 22 historical shares outstanding datapoints in our MDYG shares outstanding history coverage, used to compute MDYG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MDYG market cap history over the course of time is important for investors
interested in comparing MDYG'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 MDYG versus a peer is one thing; comparing
MDYG 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 MDYG can fluctuate over the course of history.
With this page we aim to empower investors researching MDYG by allowing them to research the MDYG market cap history. |
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Video: The Importance of Market Cap
