The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. It makes up less than 3% of the U.S. equity market. It includes 1,000 of the smallest securities in the Russell 2000 Index based on a combination of their market cap and current index membership and it also includes up to the next 1,000 stocks. As of 31 December 2016 [update], the weighted average market capitalization for a company in the index was $535 million; the median market cap was $228 million. The market cap of the largest company in the index was $3.6 billion.
The index, which was launched on June 1, 2005, is maintained by FTSE Russell, a subsidiary of the London Stock Exchange Group. Its ticker symbol is ^RUMIC.
Records
In February 2021, during the everything bubble, a record 14 members of the index exceeded the market capitalization of the smallest member of the S&P 500 Index. [1]
Investing
The Russell Microcap Index is tracked by the iShares Micro-Cap ETF ( NYSE Arca: IWC). [2]
Top 10 holdings
- Mercury Systems ( Nasdaq: MRCY)
- Centerstate Banks ( Nasdaq: CSFL)
- Lakeland Financial ( Nasdaq: LKFN)
- Merit Medical Systems ( Nasdaq: MMSI)
- Team Inc ( NYSE: TISI)
- Patrick Industries ( Nasdaq: PATK)
- Synergy Pharmaceuticals ( Nasdaq: SGYP)
- Hanmi Financial ( NYSE: HAFC)
- Aerie Pharmaceuticals ( Nasdaq: AERI)
- Stewart Information Services ( NYSE: STC)
(as of December 31, 2016) [3]
Top sectors by weight
- Financial Services
- Health Care
- Consumer Discretionary
- Technology
- Producer Durables
See also
References
- ^ Mackintosh, James (18 February 2012). "Tiny-Company Boom Makes Markets Look Silly". Wall Street Journal. Retrieved 20 February 2021.
- ^ iShares Russell Microcap(R) Index Fund (IWC): Overview - iShares
- ^ "Russell Microcap Index factsheet" (PDF).