iShares MSCI USA Minimum Volatility is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA Minimum Volatility Index (the Index). The Index measures the performance of equity securities in the top 85% by market capitalization of equity securities listed on stock exchanges in the United States that have in aggregate lower volatility. As of Jul 31 2015, the Fund's total assets were $5,382,380,512 and the Fund's investment portfolio was valued at $5,376,504,782. We show 934 historical shares outstanding datapoints in our USMV shares outstanding history coverage, used to compute USMV market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing USMV market cap history over the course of time is important for investors
interested in comparing USMV'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 USMV versus a peer is one thing; comparing
USMV 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 USMV can fluctuate over the course of history.
With this page we aim to empower investors researching USMV by allowing them to research the USMV market cap history. |
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Video: The Importance of Market Cap
