SPDR Nuveen Barclays Capital Short Term Municipal Bond is an open-end investment management company. The Fund seeks to provide investment results that correspond generally to the price and yield performance of the Barclays Capital Managed Money Municipal Short Term Index (the Index). The Index tracks publicly traded municipal bonds that cover the United States dollar-denominated, short-term tax exempt bond market, including state and local general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds. As of June 30 2015, the Fund's total assets and investment porfolio totaled $2,614,858,243 and $2,579,258,555, respectively. We show 1 historical shares outstanding datapoints in our SHM shares outstanding history coverage, used to compute SHM market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SHM market cap history over the course of time is important for investors
interested in comparing SHM'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 SHM versus a peer is one thing; comparing
SHM 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 SHM can fluctuate over the course of history.
With this page we aim to empower investors researching SHM by allowing them to research the SHM market cap history. |
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Video: The Importance of Market Cap
