Vinco Ventures, Inc. (NASDAQ:BBIG) ("Vinco Ventures," "Vinco," or the "Company"), a digital media and content technologies holding company, today announced that it will be included in the Russell 3000® Index, effective after the U.S. market opens on June 27, 2022, as part of the 2022 Russell indexes reconstitution.
Membership in the U.S. all-cap 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 indexes primarily by objective, market-capitalization rankings, and style attributes.
"Inclusion in the Russell 3000 Index is an important milestone for Vinco Ventures, as it will provide increased visibility and exposure to the U.S. investment community. This has been a formative year for us – we have worked hard over the last year to achieve this recognition," said Lisa King, CEO of Vinco Ventures. "It is a key time for us to reach the broader investment community. We have many exciting business updates ahead as we continue to diligently execute our growth plan focused on our core business pillars: engage, endorse and entertain."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 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 3000® Index and the Russell indexes reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.
