First Trust NASDAQ-100 Equal Weighted Index Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the NASDAQ-100 Equal Weighted Index (the Index). The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index. The Index is the equal-weighted version of the NASDAQ-100 Index, which includes 100 of the top non-financial securities listed on NASDAQ based on market capitalization. As of Dec 31 2009, the Fund's total assets were $44,413,240 and the Fund's investment portfolio was valued at $40,367,626. We show 402 historical shares outstanding datapoints in our QQEW shares outstanding history coverage, used to compute QQEW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing QQEW market cap history over the course of time is important for investors
interested in comparing QQEW'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 QQEW versus a peer is one thing; comparing
QQEW 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 QQEW can fluctuate over the course of history.
With this page we aim to empower investors researching QQEW by allowing them to research the QQEW market cap history. |
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Video: The Importance of Market Cap
