| Market Vectors Preferred Securities Ex Financials ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Wells FargoÂ® Hybrid and Preferred Securities ex Financials Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Preferred Securities Index is comprised of convertible or exchangeable and non-convertible preferred securities listed on U.S. exchanges. As of Apr 30 2013, the Fund's total assets were $176,784,112 and its investment portfolio was valued at $163,472,779. We show 218 historical shares outstanding datapoints in our PFXF shares outstanding history coverage, used to compute PFXF market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PFXF market cap history over the course of time is important for investors
interested in comparing PFXF'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 PFXF versus a peer is one thing; comparing
PFXF 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 PFXF can fluctuate over the course of history.
With this page we aim to empower investors researching PFXF by allowing them to research the PFXF market cap history.