SPDR Wells Fargo Preferred Stock is an open-end investment management company. The Fund seeks to replicate the total return of the Wells Fargo Hybrid and Preferred Securities Aggregate Index (the Index). The Index is a modified market capitalization weighted index designed to measure the performance of non-convertible preferred stock and securities. In addition, the Fund may invest in securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents or money market instruments. As of June 30 2015, the Fund's total assets and investment porfolio totaled $362,029,103 and $332,088,048, respectively. We show 74 historical shares outstanding datapoints in our PSK shares outstanding history coverage, used to compute PSK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PSK market cap history over the course of time is important for investors
interested in comparing PSK'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 PSK versus a peer is one thing; comparing
PSK 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 PSK can fluctuate over the course of history.
With this page we aim to empower investors researching PSK by allowing them to research the PSK market cap history. |
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Video: The Importance of Market Cap
