E-Loan Joins Russell Indices

E-Loan Inc., Dublin, Calif., was scheduled to join the Russell 2000 and Russell 3000 stock indices July 1, according to the online mortgage lender.E-Loan said its stock was included in a preliminary list of index additions issued June 27 by Frank Russell Co. as a result of the company's growth in market capitalization. Membership in Russell's 21 U.S. equity indices is determined by multiplying the common stock price by the number of shares outstanding, "in addition to style attributes," E-Loan said. "The Russell indexes are widely used by managers for index funds and as benchmarks for both passive and active investment strategies," E-Loan said. The Russell 3000 consists of the 3,000 largest U.S. companies, by market capitalization, as of the end of May. The largest 1,000 make up the Russell 1000, and the remaining 2,000 constitute the Russell 2000, E-Loan said. The company can be found on the Web at http://www.eloan.com.