SPDR Morgan Stanley Technology is an open-end investment management company. The Fund seeks to closely match the returns and characteristics of the Morgan Stanley Technology Index. The Technology Index comprises companies drawn from the following technology sub-sectors: computer services; design software; server software, personal computer (PC) software and new media; networking and telecom equipment; server hardware, PC hardware and peripherals; specialized systems, and semiconductors. As of June 30 2015, the Fund's total assets and investment portfolio totaled $441,421,743 and $441,061,133, respectively. We show 31 historical shares outstanding datapoints in our XNTK shares outstanding history coverage, used to compute XNTK market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XNTK market cap history over the course of time is important for investors
interested in comparing XNTK'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 XNTK versus a peer is one thing; comparing
XNTK 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 XNTK can fluctuate over the course of history.
With this page we aim to empower investors researching XNTK by allowing them to research the XNTK market cap history. |
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Video: The Importance of Market Cap
