Benzinga | Jun 22, 2021 09:13AM EDT

WidePoint Set To Join Russell Microcap Index On June 28

WidePoint Corporation(NYSE:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management (IdM) and Digital Billing & Analytics solutions, today announced that the company is set to join the Russell Microcap(r) Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4, 2021.

"Joining the Russell Microcap(r) Index represents another important milestone for WidePoint that we expect will increase awareness of our accomplishments," said WidePoint CEO, Jin Kang. "Our inclusion in the index follows other notable achievements, including a record 2020, strong Q1 2021 results, as well as Soft-ex's recent awarding of Co-sell Ready status by Microsoft. As a constituent of the Russell Microcap(r) Index, we believe it will increase our exposure to the broader investment community as we continue to set the standard for managing and securing the remote workforce."

Membership in the Russell Microcap(r) Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell's US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap(r) Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.