Vanguard Telecommunication Services ETF is an open-end management investment company. The Fund seeks to track the performance of the MSCI US Investable Market Telecommunication Services Index, an index of stocks of large, medium, and small United States companies in the telecommunication services sector, as classified under the Global Industry Classification Standard (GICS). This GICS sector is made up of companies that provide communications services primarily through a fixed-line, cellular, wireless, high bandwidth, and/or fiber-optic cable network. As of Aug 31 2013, the Fund's investments portfolio was valued at $531,910,000. We show 26 historical shares outstanding datapoints in our VOX shares outstanding history coverage, used to compute VOX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VOX market cap history over the course of time is important for investors
interested in comparing VOX'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 VOX versus a peer is one thing; comparing
VOX 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 VOX can fluctuate over the course of history.
With this page we aim to empower investors researching VOX by allowing them to research the VOX market cap history. |
Free VOX Email Alerts:
Video: The Importance of Market Cap
