The Materials Select Sector SPDR Fund is an open-end management investment company. The Materials Select Sector SPDR Fund (the “Fund”) seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Materials Select Sector Index (the “Index”). In seeking this objective, the Fund uses a replication strategy. As of Sept 30 2015, the Fund's total assets were $2,118,161,325 and the Fund's investments portfolio was valued at $2,093,350,057. We show 479 historical shares outstanding datapoints in our XLK shares outstanding history coverage, used to compute XLK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XLK market cap history over the course of time is important for investors
interested in comparing XLK'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 XLK versus a peer is one thing; comparing
XLK 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 XLK can fluctuate over the course of history.
With this page we aim to empower investors researching XLK by allowing them to research the XLK market cap history. |
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Video: The Importance of Market Cap
