Atlas Air Worldwide Holdings, Inc. Added to Russell U.S. Stock Indexes.PURCHASE, N.Y. -- Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries. Worldwide Holdings, Inc. (AAWW AAWW Asian American Writers' Workshop AAWW Alpaca Association of Western Washington AAWW Anti-Air Warfare Warship ) (Nasdaq: AAWW), a leading provider of global air cargo services, joined the newly reconstituted Russell 3000(R) Index effective at the close of the U.S. markets on June 30, according to a final list of additions to the index made public by the Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets on July 3. In addition to membership in the broad-market Russell 3000, AAWW was also named a component of the widely used, small-cap Russell 2000(R) Index. Each year at the end of May, the Russell Investment Group initiates a fresh review of its indexes in order to identify the 3,000 largest U.S. stocks, ranking them by total market capitalization Total Market Capitalization The total market value of all of a firm's outstanding securities. to create the Russell 3000. The largest 1,000 companies in each annual ranking comprise the large-cap Russell 1000(R) Index, while the remaining 2,000 companies become the small-cap Russell 2000(R) Index. The Russell Investment Group's indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both active and passive investment strategies. An industry-leading $3.8 trillion in assets are currently benchmarked against the Russell indexes Russell Indexes US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. , with investment managers who oversee these funds purchasing shares of member stocks according to a company's weighting in a particular index. AAWW, which has approximately 19.96 million shares outstanding, had a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of approximately $977 million on July 5 based on a closing share price of $48.96. About Atlas Air Worldwide Holdings, Inc.: AAWW is the parent company of Atlas Air, Inc. (Atlas) and Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. , Inc. (Polar), which together operate the world's largest fleet of Boeing 747 freighter aircraft. AAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis. AAWW's press releases, SEC filings and other information may be accessed through the Company's home page, www.atlasair.com. |
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