Financial news | 2020-06-29

PCTEL added to Russell 3000 index


PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, announced its addition to the broad-market Russell 3000® Index and small-cap Russell 2000® Index, effective after the US market opens on June 29, 2020, following the 2020 Russell US Indexes reconstitution

“Being added to the Russell 3000 Index is an important milestone for PCTEL,” said Kevin McGowan, PCTEL’s Chief Financial Officer. “Inclusion in the Russell Indexes will increase the awareness of our stock within the investment community.”

The Russell US Indexes are widely used by investment managers and institutional investors for passive funds and investment products and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell’s suite of index offerings.