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 496 historical shares outstanding datapoints in our XLU shares outstanding history coverage, used to compute XLU market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XLU market cap history over the course of time is important for investors
interested in comparing XLU'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 XLU versus a peer is one thing; comparing
XLU 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 XLU can fluctuate over the course of history.
With this page we aim to empower investors researching XLU by allowing them to research the XLU market cap history. |
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Video: The Importance of Market Cap
