SPDR Nuveen Barclays Capital 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 Municipal Managed Money Index (the Index). The Fund uses a passive management strategy designed to track the Index. The Index tracks the United States long-term, tax-exempt bond market and includes general obligation, revenue, pre-refunded and insured issues. As of June 30 2015, the Fund's total assets and investment porfolio totaled $1,331,470,754 and $1,302,858,457, respectively. We show 1 historical shares outstanding datapoints in our TFI shares outstanding history coverage, used to compute TFI market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TFI market cap history over the course of time is important for investors
interested in comparing TFI'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 TFI versus a peer is one thing; comparing
TFI 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 TFI can fluctuate over the course of history.
With this page we aim to empower investors researching TFI by allowing them to research the TFI market cap history. |
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Video: The Importance of Market Cap
