PowerShares High Yield Equity Dividend Achievers Portfolio is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of the NASDAQ Dividend Achievers 50 Index (the Index). The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund generally will invest at least 90% of its total assets in common stocks of companies that have a consistent record of dividend increases and that comprise the Index. As of Apr 30 2013, the Fund's total assets were $339,821,950 and the Fund's investments portfolio was valued at $323,333,443. We show 1 historical shares outstanding datapoints in our PEY shares outstanding history coverage, used to compute PEY market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PEY market cap history over the course of time is important for investors
interested in comparing PEY'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 PEY versus a peer is one thing; comparing
PEY 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 PEY can fluctuate over the course of history.
With this page we aim to empower investors researching PEY by allowing them to research the PEY market cap history. |
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Video: The Importance of Market Cap
