Vanguard Mega Cap 300 Growth 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 growth stocks in the United States. The Fund employs a passive management or indexing investment approach designed to track the performance of the MSCI US Large-Cap Growth Index, which represents the growth companies of the Morgan Stanley Capital International (MSCI) US Large-Cap 300 Index. The Fund will invest at least 80% of its assets in the stocks that make up its target Index. As of Aug 31 2013, the Fund's investments portfolio was valued at $1,054,696,000. We show 9 historical shares outstanding datapoints in our MGK shares outstanding history coverage, used to compute MGK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MGK market cap history over the course of time is important for investors
interested in comparing MGK'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 MGK versus a peer is one thing; comparing
MGK 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 MGK can fluctuate over the course of history.
With this page we aim to empower investors researching MGK by allowing them to research the MGK market cap history. |
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Video: The Importance of Market Cap
