Brunswick Corp. and United Capital Corp. are the only two stocks in the broad "other" sector being added to the Russell 2000 in this year's reconstitution of the small stock index, while nine stocks in the sector were removed.
Brunswick Corp. of Lake Forest, Ill., which makes boats, bowling and billiards equipment, was moved to the Russell 2000 from the Russell 1000.
United Capital, which has several segments including real estate investment, hotel operations and engineered products, is based in Great Neck, N.Y.
Alternative Asset Management Acquisition Corp., Energy Infrastructure Acquisition Corp., Heckmann Corp., Hicks Acquisition Co. Inc., Marathon Acquisition Corp., NTR Acquisition Co., NRDC Acquisition Corp. and Triplecrown Acquisition Corp. were removed from the Russell 2000.
Walters Industries Inc. of Tampa, Fla., which produces metallurgical coal and other products and also builds houses and provides financing to homebuyers, moved up to the large-stock Russell 1000 from 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 into 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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