ETFS White Metals Basket Trust is engaged in the ownership of, in an agreed proportion, silver, platinum and palladium (collectively, Bullion) transferred to Co. in exchange for shares issued by Co. (Shares). Each share represents a fractional undivided beneficial interest in and ownership of Co. The sponsor of Co. is ETF Securities USA LLC. The trustee of Co. is The Bank of New York Mellon and the custodian is JP Morgan Chase Bank N.A., London branch. We show 9 historical shares outstanding datapoints in our WITE shares outstanding history coverage, used to compute WITE market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WITE market cap history over the course of time is important for investors
interested in comparing WITE'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 WITE versus a peer is one thing; comparing
WITE 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 WITE can fluctuate over the course of history.
With this page we aim to empower investors researching WITE by allowing them to research the WITE market cap history. |
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Video: The Importance of Market Cap
