2019 - Q4 Carolinas Index Update
2019 has come to an end, and The Carolinas Index has been updated to reflect changes throughout the North Carolina and South Carolina investing landscape.
Year-end results have been compiled and are available! The Carolinas' Index is an equally weighted index of the top 75 companies in North and South Carolina. Our region has been consistently recognized as a hub for innovation and commerce, as well as one of the best places to do business in the nation. The Carolinas Index, compiled by Capital Investment Companies and Nottingham, is a barometer for the performance of public companies in the region: capturing the growth potential of smaller companies while being supported by a network of large blue-chips, all with equal representation.
Due to M&A, market fluctuations, and the financial performance of all selectable stocks, the following companies replaced those previously included in the Carolinas Index:
Truist Financial Corporation, formerly BB&T/SunTrust (NYSE:TFC) - #4
North State Telecommunications Corp. (NASDAQ:NORSA) - #73
First Community Corporation (NASDAQ:FCCO) - #75
DOVA Pharmaceuticals (NASDAQ:DOVA) - Previously #50, was acquired by Swedish Orphan Biovitrium AB. Deal closed in 11/2019 for $27.50 per share with additional consideration or up to $1.50 per share.
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Capital Investment Companies has been the premier independent Broker/Dealer and Wealth Management firm in the Southeast for over 35 years. With a commitment to Integrity, Independence, and Innovation, Capital offers a full ensemble of platform solutions to assist clients with every aspect of their financial needs.
Nottingham has been serving the fund accounting, administration, organization, and management needs of clients nationwide for over three decades. Based in Eastern North Carolina, Nottingham delivers a full range of turnkey services, handling clients’ behind-the-scenes financial and administrative operations so they can focus on managing their portfolios
It is not possible to invest directly in an index; therefore, the performance of an index is not illustrative of any particular investment. Past performance of the underlying securities is not a guarantee of future performance. This material has been prepared solely for informational purposes, based on data generally available to the public, and from sources believed to be reliable. The information contained herein is provided by Capital Investment Companies and The Nottingham Company. Links to any external webpages do not necessarily represent the views of Capital Investment Companies or any of its affiliates.