The iShares MSCI Global Gold Miners ETF is an open-end management investment company. The Fund seeks to track the investment results of an index composed of global equities of companies primarily engaged in the business of gold mining, as represented by the MSCI ACWI Select Gold Miners Investable Market Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. As of Aug 31 2016, the Fund's total assets were $280,531,108 and the Fund's investment portfolio was valued at $268,720,664. We show 8 historical shares outstanding datapoints in our RING shares outstanding history coverage, used to compute RING market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RING market cap history over the course of time is important for investors
interested in comparing RING'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 RING versus a peer is one thing; comparing
RING 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 RING can fluctuate over the course of history.
With this page we aim to empower investors researching RING by allowing them to research the RING market cap history. |
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Video: The Importance of Market Cap
