XPEL Joins Russell 2000 ® and Russell 3000 ® Indices
SAN ANTONIO, Texas -- (Business Wire) --
XPEL, Inc. (Nasdaq: XPEL) (the “Company”), a global provider of protective films and coatings, today announced that it has been added to the U.S. broad-market Russell 3000® and Russell 2000® Indices, effective at the market close on June 26, 2020 as part of FTSE Russell’s annual index reconstitution.
The Russell 3000® index measures the performance of the 3,000 largest companies in the U.S. equity market. Membership, which remains in place for one year, means automatic inclusion in the Russell 2000® Index, which measures the performance of the small-cap segment of the U.S. equity market.
Barry Wood, Senior Vice President and Chief Financial Officer of XPEL, stated, “We’re very pleased to have been added to the Russell 2000® and Russell 3000® Indices. Our Nasdaq listing in July 2019 contributed to heightening our visibility among investors, and we believe our addition to these indices is a reflection of our operational success and leadership position in our industry and will provide an opportunity for XPEL’s introduction to a broader audience of institutional investors.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $16 trillion in assets are benchmarked to the Russell Indexes. |
