Mtron Added to Membership of Russell 3000® Index

Rhea-AI Summary

M-tron Industries (NYSE American: MPTI), a provider of high-performance radio frequency components and solutions, has been added to the Russell 3000® Index effective June 27, 2025. This inclusion automatically places Mtron in either the Russell 1000® or Russell 2000® Index, along with corresponding growth and value style indexes.

The company, which went public in October 2022, will be part of the Russell indexes that serve as benchmarks for approximately $10.6 trillion in assets as of June 2024. Interim CEO Cameron Pforr highlighted this milestone as a reflection of the company's consistent growth and expanded market presence since its IPO.

Insights

Financial Index Specialist

Mtron's addition to the Russell 3000® Index increases visibility and potential institutional investment flows, marking significant post-IPO growth.

Mtron Industries' inclusion in the Russell 3000® Index represents a notable milestone in the company's public market journey. This development carries several meaningful implications for the stock's visibility and trading dynamics. The Russell indexes are reconstituted annually, capturing the 4,000 largest US stocks ranked by total market capitalization, with approximately $10.6 trillion in assets benchmarked against these indices.

Index inclusion typically triggers passive fund buying as index-tracking funds must add the stock to their portfolios to maintain accurate index replication. This mechanical buying can provide short-term support for the share price. More importantly, inclusion grants Mtron automatic membership in either the Russell 1000® (large-cap) or Russell 2000® (small-cap) Index, expanding its exposure to different investor groups.

For a relatively young public company that completed its IPO in October 2022, this achievement signals its successful market capitalization growth over less than three years. The timing is particularly noteworthy - many companies require longer post-IPO periods before reaching index inclusion thresholds. The company's position as a provider of radio frequency components places it in the technology supply chain, a sector that often receives premium valuations compared to broader market averages.

While index inclusion doesn't directly impact fundamental business operations, it often enhances a company's credibility and can potentially lower its cost of capital through improved liquidity and broader institutional ownership base. The reconstitution effective date of June 27, 2025, means Mtron will maintain this status for at least one year before the next annual review.

ORLANDO, Fla., July 1, 2025 /PRNewswire/ -- M-tron Industries, Inc. (NYSE American: MPTI) ("Mtron" or the "Company"), a leading provider of high-performance radio frequency components and solutions, today announced the Company was added as a member of the broad-market Russell 3000^® Index, effective after the U.S. market close on June 27, 2025.

The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the 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.

"Our inclusion in the Russell 3000® Index is a meaningful milestone that reflects the strong progress we've made since our IPO in October 2022," said Cameron Pforr, Interim CEO. "In less than three years as a public company, we've delivered consistent growth, expanded our market presence, and continued to execute on our long-term strategic vision. Being recognized alongside other leading U.S. companies is a testament to the dedication of our team and the confidence our investors have placed in us. We look forward to building on this momentum as we continue to drive value for our shareholders."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

For more information on the Russell 3000® Index and the Russell indices reconstitution, go to the "Russell Reconstitution" section on the FTSE Russell website.

About Mtron

M-tron Industries, Inc. (NYSE American: MPTI) designs, manufactures, and markets highly engineered, high reliability frequency and spectrum control products and solutions. As an engineering-centric company, Mtron provides close support to its customers throughout our products' entire life cycle, including product design, prototyping, production, and subsequent product upgrades. Mtron has design and manufacturing facilities in Orlando, Florida, and Yankton, South Dakota, a sales office in Hong Kong, and a manufacturing facility in Noida, India. For more information, visit www.mtron.com.

About FTSE Russell, an LSED Business

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by London Stock Exchange Group.  For more information, visit FTSE Russell.

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SOURCE Mtron

FAQ

When was Mtron (MPTI) added to the Russell 3000 Index?

Mtron was added to the Russell 3000® Index effective June 27, 2025.

What does Mtron's inclusion in the Russell 3000 Index mean for the company?

The inclusion provides increased visibility to institutional investors and automatic inclusion in either the Russell 1000® or Russell 2000® Index, with approximately $10.6 trillion in assets benchmarked against Russell US indexes.

When did Mtron (MPTI) go public?

Mtron completed its IPO in October 2022.

What is Mtron's (MPTI) main business?

Mtron is a provider of high-performance radio frequency components and solutions.

Who is the current CEO of Mtron (MPTI)?

Cameron Pforr is currently serving as Interim CEO of Mtron.