Vanguard Information Technology ETF is an open-end management investment company. The Fund seeks to tracks the performance of the Morgan Stanley Capital International US Investable Market Information Technology Index, an index of stocks of large, medium and small United States companies in the information technology (IT) sector, as classified under the Global Industry Classification Standard (GICS). As of Aug 31 2013, Co.'s portfolio totalled $3,648,362,000. We show 28 historical shares outstanding datapoints in our VGT shares outstanding history coverage, used to compute VGT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VGT market cap history over the course of time is important for investors
interested in comparing VGT'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 VGT versus a peer is one thing; comparing
VGT 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 VGT can fluctuate over the course of history.
With this page we aim to empower investors researching VGT by allowing them to research the VGT market cap history. |
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Video: The Importance of Market Cap
