Business
Envela Added to Membership of US Small-Cap Russell 2000 Index
IRVING, TX / ACCESS Newswire / June 24, 2025 / Envela Corporation was added as a member of the US small-cap Russell 2000 ®Index, effective after the US market opens on June 30 as part of the 2025 Russell indexes reconstitution. Membership in the Russell ...
About this update from Envela Corporation
[{"type":"text","content":"IRVING, TX / ACCESS Newswire / June 24, 2025 / Envela Corporation was added as a member of the US small-cap Russell 2000® Index, effective after the US market opens on June 30 as part of the 2025 Russell indexes reconstitution. Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The stock also was automatically added to the appropriate growth and value indexes.","length":451,"tagName":"p"},{"type":"text","content":""Being added to the Russell 2000® Index is a milestone that reflects the strength of our performance, the resilience of our business model, and the confidence investors have in Envela's long-term growth strategy," said John DeLuca, Chief Financial Officer of Envela Corporation. "This inclusion will elevate our visibility with institutional investors and enhance shareholder value as we continue to execute with discipline and innovation across our verticals."","length":485,"tagName":"p"},{"type":"text","content":"Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to the data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.","length":336,"tagName":"p"},{"type":"text","content":""The Russell indexes have continuously adapted to the evolving dynamic US economy, and it's crucial to fully recalibrate the suite of Russell US Indexes, ensuring the indexes maintain an accurate representation of the market," said Fiona Bassett, CEO of FTSE Russell, An LSEG Business. "The transition to a semi-annual reconstitution frequency from 2026 will ensure our indexes continue to represent the market and maintain the purpose of the index as a portfolio benchmark."","length":499,"tagName":"p"},{"type":"text","content":"For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.","length":169,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Envela Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":96,"...