SharpSpring, Inc., a leading cloud-based marketing automation platform, has joined the Russell 3000 Index at the conclusion of the indexes’ annual reconstitution, effective after the U.S. market opened on July 1, according to the FTSE Russell website.
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 U.S. Indexes primarily by objective, market-capitalization rankings and style attributes.
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“SharpSpring’s addition to the Russell 3000 Index is a testament to our continued growth and development as a public company,” said SharpSpring CEO Rick Carlson. “We’re looking forward to the benefitting from the added visibility that comes with membership in the index and are focused on leveraging this opportunity to increase awareness for our competitive advantages within the marketing automation industry to achieve greater shareholder returns.”
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The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against the Russell U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
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