Market Vectors CEF Municiapl Income ETF is an open-end management investment company. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the S-Network Municipal Bond Closed-End Fund Indexsm. The fund normally invests at least 80% of its total assets in investments the income from which is exempt from U.S. federal income tax. It normally invests at least 80% of its total assets in securities of issuers that comprise the fund's benchmark index. The CEFMX Index is comprised of shares of U.S.-listed closed-end funds. As of Apr 30 2013, the Fund's total assets were $25,522,289 and its investment portfolio was valued at $25,427,023. We show 157 historical shares outstanding datapoints in our XMPT shares outstanding history coverage, used to compute XMPT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XMPT market cap history over the course of time is important for investors
interested in comparing XMPT'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 XMPT versus a peer is one thing; comparing
XMPT 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 XMPT can fluctuate over the course of history.
With this page we aim to empower investors researching XMPT by allowing them to research the XMPT market cap history. |
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Video: The Importance of Market Cap
