Vanguard Sector Index Funds - Vanguard Materials ETF is an open-end management investment company. The Fund seeks to track the performance of the MSCI US Investable Market Materials Index (the Index). The Index includes stocks of United States companies within the materials sector. The materials sector is made up of companies in a range of commodity-related manufacturing industries, such as chemicals, construction materials, glass, paper, forest products, and related packaging products, as well as metals, minerals, mining companies, and producers of steel. As of Aug 31 2013, the Fund's investments portfolio was valued at $936,135,000. We show 17 historical shares outstanding datapoints in our VAW shares outstanding history coverage, used to compute VAW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VAW market cap history over the course of time is important for investors
interested in comparing VAW'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 VAW versus a peer is one thing; comparing
VAW 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 VAW can fluctuate over the course of history.
With this page we aim to empower investors researching VAW by allowing them to research the VAW market cap history. |
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Video: The Importance of Market Cap
