Walters Industries Inc. is the lone stock in the broad "other" sector being to be added to the Russell 1000 in this year's reconstitution of the large stock index, while one stock in the sector was removed.
The Tampa, Fla., company, which produces metallurgical coal and other products and also builds houses and provides financing to homebuyers, is being added to the Russell 1000, moving up from the small-stock Russell 2000.
Brunswick Corp. of Lake Forest, Ill., which makes boats, bowling and billiards equipment, was removed from the Russell 1000, 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.
Terms & Conditions
RSS Headlines
Fool UK