Nuveen California Select Tax-Free Income Portfolio is a closed-end management investment company. The Fund's investment objective is to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations. We show 1 historical shares outstanding datapoints in our NXC shares outstanding history coverage, used to compute NXC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing NXC market cap history over the course of time is important for investors
interested in comparing NXC'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 NXC versus a peer is one thing; comparing
NXC 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 NXC can fluctuate over the course of history.
With this page we aim to empower investors researching NXC by allowing them to research the NXC market cap history. |
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Video: The Importance of Market Cap
