Five Additions and Five Deletions to Janney Water Index in Quarterly Rebalancing.Two Additions to Water Tech; Three Additions to Water Works NEW YORK -- The Janney Water Index (TICKER: JGI JGI Joint Genome Institute JGI Jane Goodall Institute JGI Just Got It (chat) JGI Just Google It ) will add five new components, effective 6:00 PM (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ) Sunday, September 23. Five stocks will be deleted from the index. The changes result from the index's quarterly rebalancing Rebalancing The process of realigning the weightings of one's portfolio of assets. Notes: For example, if your portfolio's proportion of stock has grown too large for your intended assets weightings and risk tolerance, you might rebalance by selling some stock and putting . A complete list of constituents and weights will be posted on the J-Net web site, www.janneywaterindexes.com/indexes_jgi.php. The Janney Water Index is a capitalization-weighted, float adjusted composite index of 60 of the most prominent water stocks in the world. It contains 30 water utilities and 30 companies engaged in water infrastructure development and/or technology. The 30 utility stocks make up the Janney Water Works (TICKER: JWW JWW Jumpers With Weaves (AKC Dog Agility Event) JWW Jewish Women Watching ) sub-index and the 30 technology and infrastructure stocks form the Janney Water Tech (TICKER: JWT JWT J. Walter Thompson (agency) JWT Java Windows Terminal JWT Just War Theory JWT Jim Wolf Technology JWT Java Workflow Tooling JWT John Wayne Trail (US Army Yakima Training Center) JWT Justified War Theory ) sub-index. Four of the current additions are listed in the U.S. and one is listed in Thailand. The changes net a $1.2 billion decline in market cap to the index. To be included in the JGI index stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover. There were three additions to the JWW: York Water Company and Artesian Ar`te´sian a. 1. Of or pertaining to Artois (anciently called Artesium), in France. Artesian wells wells made by boring into the earth till the instrument reaches water, which, from internal pressure, flows spontaneously like a Resources Corp., both based in the US, and Eastern Water Resources, which is based in Thailand. There were two additions to the JWT: Basin Water Inc. and Northwest Pipe Company, both based in the US. All five companies were added to the composite JGI. |
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