Esquire Financial Holdings, Inc. announced that it has been added as a member of the broad-market Russell 3000 Index, effective June 27, 2022, as part of the 2022 Russell indexes reconstitution. Based upon its membership in the Russell 3000® Index, Esquire has also become a member of the small-cap Russell 2000® Index.
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“Esquire’s inclusion in the Russell 3000 Index should increase our exposure among investors, increase liquidity in our stock, and add value to our stockholders,” stated Andrew C. Sagliocca, Chief Executive Officer and President of Esquire.
The annual reconstitution of the Russell indexes captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the 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.
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Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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