PowerShares Preferred Portfolio is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of a securities index called the Merrill Lynch Fixed Rate Preferred Securities Index (the Index). The Index is a market capitalization-weighted index designed to reflect the total return performance of the fixed-rate United States dollar-denominated preferred securities market. As of Oct 31 2013, the Fund's total assets were $2,119,199,384 and the Fund's investment portfolio was valued at $2,104,747,107. We show 1 historical shares outstanding datapoints in our PGX shares outstanding history coverage, used to compute PGX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PGX market cap history over the course of time is important for investors
interested in comparing PGX'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 PGX versus a peer is one thing; comparing
PGX 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 PGX can fluctuate over the course of history.
With this page we aim to empower investors researching PGX by allowing them to research the PGX market cap history. |
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Video: The Importance of Market Cap
