SPDR S&P Transportation is an open-end investment management company. The Fund seeks to replicate as closely as possible, before expenses, the performance of an index derived from the transportation segment of a U.S. total market composite index. In seeking this objective, the Fund uses a replication strategy. As of June 30 2015, the Fund's total assets and investment porfolio totaled $384,253,990 and $384,046,437, respectively. We show 23 historical shares outstanding datapoints in our XTN shares outstanding history coverage, used to compute XTN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing XTN market cap history over the course of time is important for investors
interested in comparing XTN'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 XTN versus a peer is one thing; comparing
XTN 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 XTN can fluctuate over the course of history.
With this page we aim to empower investors researching XTN by allowing them to research the XTN market cap history. |
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Video: The Importance of Market Cap
