Russell 1000 adds 10 materials and processing stocks, 3 stocks in sector removed from index
NEW YORK (AP) -- Ten companies in the materials and processing sector are being to be added to the Russell 1000 in this year's reconstitution of the large-stock index, while three in the sector are being removed.
AECOM Technology Corp., AptarGroup Inc., CF Industries Holdings Inc., Century Aluminum Co., Greif Inc., Schnitzer Steel Industries Inc., Terra Industries Inc., Valhi Inc. and Valmont Industries Inc. were added to the Russell 1000, all moving up from the small-stock Russell 2000.
Intrepid Potash Inc. is a new addition to the Russell 1000, having debuted on the market in April.
Forestar Real Estate Group Inc., Louisiana Pacific Corp. and Westlake Chemical Corp. were removed from the large-cap index and moved to the Russell 2000.
Tacoma, Wash.-based Russell Investments realigns the Russell 3000 index once per year, tracking what it maintains is 99 percent of the U.S. equity market. That index is then broken down to 26 smaller indexes, including the widely watched Russell 1000 index of large capitalization stocks.
The makeup of the Russell indexes for the next 12 months was finalized after the closing bell Friday.
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