Market Vectors Preferred Securities Ex Financials 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 Wells Fargo® Hybrid and Preferred Securities ex Financials Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Preferred Securities Index is comprised of convertible or exchangeable and non-convertible preferred securities listed on U.S. exchanges. As of Apr 30 2013, the Fund's total assets were $176,784,112 and its investment portfolio was valued at $163,472,779. We show 234 historical shares outstanding datapoints in our coverage of PFXF's shares outstanding history.
Understanding the changing numbers of PFXF shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like PFXF versus peers —
is critical for investors. 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.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching PFXF by allowing them to research PFXF shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
