WIXOM, Mich.—Rockwell Medical Technologies said June 29 that it has been added to the Russell 2000, 2500, 3000 and Global Indexes. Rockwell will also maintain its membership in the Russell Microcap Index.
The Russell Index reconstitution process is followed closely by many investors because the Russell Indexes currently have over $4.3 trillion in world-wide assets benchmarked to them, according to Rockwell. These indices are reconstituted on an annual basis to include the 4,000 largest U.S. stocks, ranking them by total market capitalization. Rockwell's membership in these new Russell Indexes remains in place for one year.
"We are pleased to be included in these new Russell U.S. and Global Indexes," said Robert Chioini, Rockwell’s president and CEO. "Russell's industry-leading indexes are highly regarded and we hope that our inclusion will continue to generate additional institutional investor interest in Rockwell as an investment."
Rockwell said its inclusion in the Russell 2000 Index will make it possible for the company to be included in those portfolios using the Index as a benchmark for their investments.
