- Source: Russell Microcap Index
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, 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.
Investing
The Russell Microcap Index is tracked by the iShares Micro-Cap ETF (NYSE Arca: IWC).
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)
Top sectors by weight
Financial Services
Health Care
Consumer Discretionary
Technology
Producer Durables
See also
Russell Investments
Russell 2000 Index
Russell 1000 Index
References
External links
FTSE Russell Index Fact Sheet
FTSE Russell Indexes
FTSE Russell Investment Group
Index Construction and Methodology
Yahoo! Finance page for ^RUMIC