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Post by agedhippie on Feb 9, 2019 23:06:48 GMT -5
Yes. The example I gave, IBB, tracks the NASDAQ biotech index which is the entire NASDAQ listed biotech sector. As of 6.4% of the company (that would be all ETFs, not just IBB) - that's easy. BlackRock is the biggest of the big three ETF providers, BlackRock, Vanguard, and State Street who between them have 79% of the ETF market. If anything it sounds low.
Issuer BlackRock Brand iShares Inception Date 02/05/01 Legal Structure Open-Ended Fund Expense Ratio 0.47% Assets Under Management $8.15B ... Number of Holdings 224 MNKD: 0.03% (of $8.15B) = $2.445 million or 1.9 million share @$1.30 They seem to have 10 million more shares than IBB requires. Am I right? Yes. However IBB is not the only ETF BlackRock sells. As I said, IBB is an example. |
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Post by longliner on Feb 10, 2019 0:36:21 GMT -5
Yes. The example I gave, IBB, tracks the NASDAQ biotech index which is the entire NASDAQ listed biotech sector. As of 6.4% of the company (that would be all ETFs, not just IBB) - that's easy. BlackRock is the biggest of the big three ETF providers, BlackRock, Vanguard, and State Street who between them have 79% of the ETF market. If anything it sounds low.
Issuer BlackRock Brand iShares Inception Date 02/05/01 Legal Structure Open-Ended Fund Expense Ratio 0.47% Assets Under Management $8.15B ... Number of Holdings 224 MNKD: 0.03% (of $8.15B) = $2.445 million or 1.9 million share @$1.30 They seem to have 10 million more shares than IBB requires. Am I right? Thats a lot of "housekeeping" |
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Post by bigchungus91354 on Feb 11, 2019 11:43:05 GMT -5
www.etf.com/IBB#fitIBB SUMMARY DATA
Issuer BlackRock Brand iShares Inception Date 02/05/01 Legal Structure Open-Ended Fund Expense Ratio 0.47% Assets Under Management $8.15B ... Number of Holdings 224 MNKD: 0.03% (of $8.15B) = $2.445 million or 1.9 million share @$1.30 They seem to have 10 million more shares than IBB requires. Am I right? Thats a lot of "housekeeping" So has the market cap fallen so low that the small ETF % now seems like a huge percentage of the company? |
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Post by liane on Feb 11, 2019 11:49:04 GMT -5
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Post by matt on Feb 11, 2019 12:00:10 GMT -5
Perhaps more telling of the significance of Black Rock’s holdings in MNKD would be the MNKD percent of shares they own comapred to the percent of their other individiual holdings? Most index funds are quantity weighted so there is more to the numbers than just share counts. If MNKD is 1% of the total value of the index that the fund tracks, then the fund will own 1% of the value of MNKD. If another company had 10% of the shares outstanding that MNKD does, but the same market cap, then the share changes would be a tenth of that seen for MNKD. The other complication is that the big institution fund managers (I would add Fidelity to the list above) have many different funds. Some are S&P indicies, some track biotech, some track total NASDAQ, some track small cap NASDAQ, and so on. The reporting rules allow a big fund manager to combine all their funds for the purposes of quarter reporting so you can't even tell which fund accounts for the change in ownership. In some recent periods, the NASDAQ has gone down while the biotech index has gone up meaning that a fund manager might not report any change in ownership even though one of their funds was selling and the other buying. |
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Post by bigchungus91354 on Feb 11, 2019 12:03:34 GMT -5
That seems like a strange observation, but yes, I do. As an investor, a scientist, and an African-American, I have trained myself to critically examine data and policies. I believe asking questions is the key to finding truth. Not only does it make for a better investor, but it helps us to create a more comprehensive predictive model for many facets in life. Ultimately, the more we know, the better equipped we are to determine the 'right' choices. Is their a rule limiting the asking of questions in this forum? |
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Post by sportsrancho on Feb 11, 2019 12:48:01 GMT -5
That seems like a strange observation, but yes, I do. As an investor, a scientist, and an African-American, I have trained myself to critically examine data and policies. I believe asking questions is the key to finding truth. Not only does it make for a better investor, but it helps us to create a more comprehensive predictive model for many facets in life. Ultimately, the more we know, the better equipped we are to determine the 'right' choices. Is their a rule limiting the asking of questions in this forum? Thats a good question for patten1962 :-) |
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Post by mytakeonit on Feb 11, 2019 13:21:34 GMT -5
Sounds like he is a mechanic also ... and has a lot of wrenches to throw into the works.
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Post by bigchungus91354 on Feb 11, 2019 13:31:10 GMT -5
That seems like a strange observation, but yes, I do. As an investor, a scientist, and an African-American, I have trained myself to critically examine data and policies. I believe asking questions is the key to finding truth. Not only does it make for a better investor, but it helps us to create a more comprehensive predictive model for many facets in life. Ultimately, the more we know, the better equipped we are to determine the 'right' choices. Is their a rule limiting the asking of questions in this forum? Thats a good question for patten1962 :-) I assume this is some racial epitaph regarding NAACP leader Dr. Thelma Patten, the 1962, "Woman of the Year". and thus the need for questions to show the 'true colors' and motivations of those who practice intolerance. |
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Post by mbracket123 on Feb 11, 2019 13:37:39 GMT -5
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