First Trust NASDAQ Technology Dividend Index Fund is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the NASDAQ Technology Dividend Index. The Fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in the common stocks and/or depositary receipts included in the Index. As of Sept 30 2013, the Fund's total assets were $211,953,779 and the Fund's investment portfolio was valued at $205,665,691. We show 421 historical shares outstanding datapoints in our TDIV shares outstanding history coverage, used to compute TDIV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TDIV market cap history over the course of time is important for investors
interested in comparing TDIV'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 TDIV versus a peer is one thing; comparing
TDIV 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 TDIV can fluctuate over the course of history.
With this page we aim to empower investors researching TDIV by allowing them to research the TDIV market cap history. |
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Video: The Importance of Market Cap
