AgEagle™ Aerial Systems Inc (UAVS) (“AgEagle” or the “Company”), an industry leading drone solutions provider, announced that it expects to join the broad market Russell 3000® Index at the conclusion of the 2021 Russell Indexes annual reconstitution, effective after the U.S. market close on June 25, 2021, according to the most recent preliminary list of additions posted June 18, 2021 by FTSE Russell.
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Brandon Torres Declet, Chief Executive Officer of AgEagle, stated, “We are very pleased with the prospect of being added to the Russell 3000 Index, which will mark an exciting milestone for our Company one that should help raise greater awareness of AgEagle in the institutional investment community.”
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large cap Russell 1000 Index or small cap Russell 2000 Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell Indexes primarily by objective, market capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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