SPDR S&P Homebuilders is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges. As of June 30 2015, the Fund's total assets and investment porfolio totaled $1,886,215,635 and $1,885,349,872, respectively. We show 214 historical shares outstanding datapoints in our XHB shares outstanding history coverage, used to compute XHB market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XHB market cap history over the course of time is important for investors
interested in comparing XHB'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 XHB versus a peer is one thing; comparing
XHB 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 XHB can fluctuate over the course of history.
With this page we aim to empower investors researching XHB by allowing them to research the XHB market cap history. |
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Video: The Importance of Market Cap
