Vanguard Mega Cap 300 Index ETF (the Fund) is an open-end management investment company. The Fund seeks to track the performance of a benchmark index that measures the investment return of the largest-capitalization stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the Morgan Stanley Capital International (MSCI) US Large-Cap 300 Index, a diversified index of stocks of the largest United States companies. As of Aug 31 2013, the Fund's investments portfolio was valued at $927,078,000. We show 1 historical shares outstanding datapoints in our MGC shares outstanding history coverage, used to compute MGC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MGC market cap history over the course of time is important for investors
interested in comparing MGC'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 MGC versus a peer is one thing; comparing
MGC 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 MGC can fluctuate over the course of history.
With this page we aim to empower investors researching MGC by allowing them to research the MGC market cap history. |
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Video: The Importance of Market Cap
